Walleye Trading LLC Sells 119,899 Shares of OneSpan Inc. (NASDAQ:OSPN)

Walleye Trading LLC decreased its position in OneSpan Inc. (NASDAQ:OSPN) by 65.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,701 shares of the company’s stock after selling 119,899 shares during the quarter. Walleye Trading LLC owned 0.17% of OneSpan worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of OSPN. Martingale Asset Management L P bought a new stake in OneSpan in the third quarter worth $928,000. BNP Paribas Financial Markets grew its stake in shares of OneSpan by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 69,300 shares of the company’s stock worth $1,155,000 after buying an additional 15,197 shares in the last quarter. FMR LLC increased its holdings in shares of OneSpan by 513.3% in the 3rd quarter. FMR LLC now owns 17,805 shares of the company’s stock worth $297,000 after buying an additional 14,902 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of OneSpan by 16.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after buying an additional 48,146 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of OneSpan in the 3rd quarter valued at about $173,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 20,849 shares in the company, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by corporate insiders.

OneSpan Stock Up 1.8 %

NASDAQ:OSPN opened at $18.83 on Wednesday. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $19.08. The stock’s 50-day moving average price is $16.30 and its 200-day moving average price is $14.87. The stock has a market capitalization of $715.35 million, a PE ratio of 25.42 and a beta of 0.77.

Analyst Upgrades and Downgrades

OSPN has been the topic of several analyst reports. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of OneSpan in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $17.13.

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.