Sensato Investors LLC bought a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,120 shares of the company’s stock, valued at approximately $749,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in shares of Onespan during the second quarter valued at approximately $139,000. SG Americas Securities LLC purchased a new position in shares of Onespan during the second quarter valued at approximately $148,000. Public Employees Retirement Association of Colorado purchased a new stake in Onespan in the second quarter worth $167,000. Strs Ohio purchased a new stake in Onespan in the second quarter worth $180,000. Finally, Bank of America Corp DE purchased a new stake in Onespan in the second quarter worth $187,000. 60.49% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Onespan from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st.

In related news, Director T Kendall Hunt sold 126,596 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $17.77, for a total value of $2,249,610.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 417,788 shares of company stock worth $7,405,973. 22.48% of the stock is owned by insiders.

Shares of OSPN stock opened at $18.50 on Wednesday. The firm has a market capitalization of $718.03 million, a P/E ratio of 43.02, a PEG ratio of 5.17 and a beta of 1.43. Onespan Inc has a twelve month low of $11.05 and a twelve month high of $25.45.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $49.55 million for the quarter, compared to analysts’ expectations of $48.82 million. Onespan had a positive return on equity of 7.27% and a negative net margin of 11.11%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. analysts predict that Onespan Inc will post 0.35 EPS for the current year.

Onespan Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.

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Institutional Ownership by Quarter for Onespan (NASDAQ:OSPN)

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