15,797 Shares in OneSpan Inc. (NASDAQ:OSPN) Bought by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC acquired a new position in OneSpan Inc. (NASDAQ:OSPN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,797 shares of the company’s stock, valued at approximately $169,000.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC bought a new stake in shares of OneSpan in the first quarter worth $367,000. FMR LLC lifted its position in OneSpan by 80.0% during the first quarter. FMR LLC now owns 2,084 shares of the company’s stock valued at $36,000 after purchasing an additional 926 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in OneSpan by 267.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,732 shares of the company’s stock valued at $31,000 after purchasing an additional 1,989 shares in the last quarter. Point72 Middle East FZE purchased a new position in OneSpan during the fourth quarter valued at $45,000. Finally, Lazard Asset Management LLC purchased a new position in OneSpan during the second quarter valued at $60,000. Institutional investors own 95.52% of the company’s stock.

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell bought 5,000 shares of OneSpan stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $9.83 per share, with a total value of $49,150.00. Following the completion of the acquisition, the director now owns 73,849 shares of the company’s stock, valued at approximately $725,935.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

OneSpan Stock Performance

Shares of OneSpan stock opened at $10.01 on Friday. The stock’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.13. OneSpan Inc. has a 52 week low of $7.64 and a 52 week high of $17.20.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.17. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. The business had revenue of $62.93 million for the quarter. Research analysts predict that OneSpan Inc. will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OSPN shares. Sidoti downgraded OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Tuesday, April 2nd. StockNews.com upgraded OneSpan from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.