One OneSpan Insider Raised Stake By 13% In Previous Year
Insiders were net buyers of OneSpan Inc.'s (NASDAQ:OSPN ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for OneSpan
OneSpan Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Marc Zenner for US$57k worth of shares, at about US$11.47 per share. That means that even when the share price was higher than US$10.59 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Marc Zenner was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does OneSpan Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. OneSpan insiders own about US$43m worth of shares. That equates to 10% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At OneSpan Tell Us?
It doesn't really mean much that no insider has traded OneSpan shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think OneSpan insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in OneSpan, you should check out this free report on analyst forecasts for the company.
Of course OneSpan may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
