Verition Fund Management LLC Invests $236,000 in OneSpan Inc. (NASDAQ:OSPN)

Verition Fund Management LLC acquired a new position in OneSpan Inc. (NASDAQ:OSPN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,134 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP boosted its holdings in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after acquiring an additional 1,936 shares during the period. Quest Partners LLC boosted its holdings in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after acquiring an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in OneSpan during the second quarter valued at about $41,000. Covestor Ltd bought a new stake in OneSpan during the third quarter valued at about $65,000. Finally, Point72 Asset Management L.P. bought a new stake in OneSpan during the second quarter valued at about $74,000. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OSPN shares. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of OneSpan in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.13.

OneSpan Stock Down 5.6 %

NASDAQ:OSPN opened at $18.06 on Monday. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $19.28. The firm has a market capitalization of $686.10 million, a PE ratio of 24.41 and a beta of 0.77. The firm has a 50-day moving average price of $16.83 and a 200 day moving average price of $15.23.

Insider Buying and Selling

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

About OneSpan

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.