GSA Capital Partners LLP Sells 80,539 Shares of OneSpan Inc. (NASDAQ:OSPN)

GSA Capital Partners LLP reduced its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 41.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,207 shares of the company's stock after selling 80,539 shares during the period. GSA Capital Partners LLP owned approximately 0.30% of OneSpan worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in OSPN. Allspring Global Investments Holdings LLC increased its position in shares of OneSpan by 100.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company's stock worth $129,000 after purchasing an additional 5,578 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of OneSpan in the 1st quarter valued at approximately $1,125,000. Russell Investments Group Ltd. lifted its holdings in shares of OneSpan by 9.8% during the 1st quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company's stock worth $2,593,000 after acquiring an additional 19,828 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of OneSpan by 46.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,957 shares of the company's stock worth $197,000 after acquiring an additional 5,390 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in OneSpan by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock valued at $32,499,000 after acquiring an additional 219,907 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OSPN shares. StockNews.com upgraded OneSpan from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 4th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of OneSpan in a research note on Monday, October 28th. Finally, Sidoti upgraded shares of OneSpan from a "neutral" rating to a "buy" rating and raised their price target for the company from $14.00 to $19.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $17.13.

OneSpan Stock Up 1.4 %

NASDAQ OSPN traded up $0.24 on Wednesday, hitting $17.61. The company's stock had a trading volume of 354,531 shares, compared to its average volume of 404,067. The company's 50-day moving average is $15.68 and its 200 day moving average is $14.30. The firm has a market cap of $669.00 million, a PE ratio of 23.92 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $17.89.

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.