OneSpan Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:VDY Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Dec 24	Sell€934,823	Michael McConnell	Individual	53,000	€17.64
07 Aug 24	Sell€11,722,572	Legion Partners Asset Management, LLC	Company	874,700	€13.40
18 Jul 24	Sell€6,029,314	Legion Partners Asset Management, LLC	Company	487,410	€12.37
19 Apr 24	Buy€891,207	Legion Partners Asset Management, LLC	Company	95,628	€9.35
15 Mar 24	Buy€45,139	Michael McConnell	Individual	5,000	€9.03
15 Mar 24	Sell€46,342	Jorge A. Martell	Individual	5,000	€9.27
13 Mar 24	Buy€22,583	Marc Zenner	Individual	2,500	€9.03

Insider Trading Volume

Insider Buying: VDY insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of VDY?
Owner Type	Number of Shares	Ownership Percentage
General Public	880,237	2.32%
Individual Insiders	2,384,452	6.28%
Institutions	34,726,367	91.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 74.11% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.79%	BlackRock, Inc.	3,720,220	€65.1m	7.06%	no data
9.18%	The Vanguard Group, Inc.	3,488,626	€61.0m	7.42%	no data
5.73%	Legal & General Investment Management Limited	2,178,669	€38.1m	7.97%	0.01%
5%	Thomas Hunt	1,900,055	€33.2m	0%	no data
4.51%	Mirae Asset Global Investments Co., Ltd.	1,711,587	€29.9m	-8.03%	0.03%
4.37%	Neuberger Berman Investment Advisers LLC	1,658,956	€29.0m	6.36%	0.02%
4.32%	State Street Global Advisors, Inc.	1,641,855	€28.7m	1.57%	no data
3.6%	Columbia Management Investment Advisers, LLC	1,369,070	€23.9m	7.76%	0.01%
3.02%	First Trust Advisors LP	1,146,051	€20.0m	0%	0.02%
2.26%	Geode Capital Management, LLC	857,474	€15.0m	1.67%	no data
2.23%	Dimensional Fund Advisors LP	847,166	€14.8m	2.41%	no data
2.19%	Acadian Asset Management LLC	833,879	€14.6m	157%	0.04%
2.02%	Lynrock Lake LP	766,666	€13.4m	-27.2%	2.42%
1.99%	Segall Bryant & Hamill, LLC	755,172	€13.2m	14.1%	0.18%
1.72%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	651,654	€11.4m	56.9%	no data
1.71%	Legion Partners Asset Management, LLC	649,563	€11.4m	-75.5%	4.26%
1.61%	JP Morgan Asset Management	611,076	€10.7m	7,290%	no data
1.55%	Arrowstreet Capital, Limited Partnership	587,194	€10.3m	102%	0.01%
1.22%	Goldman Sachs Group, Investment Banking and Securities Investments	461,997	€8.1m	46.3%	no data
1.15%	JPMorgan Chase & Co, Brokerage and Securities Investments	438,524	€7.7m	17.1%	no data
1.12%	Morgan Stanley, Investment Banking and Brokerage Investments	427,396	€7.5m	35.6%	no data
1.02%	Northern Trust Global Investments	385,936	€6.8m	-3.33%	no data
0.98%	Oberweis Asset Management, Inc.	370,700	€6.5m	0%	0.26%
0.94%	Eaton Vance Management	357,925	€6.3m	6.53%	no data
0.89%	Assenagon Asset Management S.A.	337,823	€5.9m	113%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 06:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

OneSpan Inc. is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Argus Research Company
Daniel Drawbaugh	B. Riley Securities, Inc.
Matthew Galinko	B. Riley Wealth