Insider Spends US$363k Buying More Shares In OneSpan

Potential OneSpan Inc. (NASDAQ:OSPN) shareholders may wish to note that the Independent Director, Michael McConnell, recently bought US$363k worth of stock, paying US$12.10 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 56%, potentially signalling some real optimism.

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OneSpan Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Director Michael McConnell was not the only time they traded OneSpan shares this year. They previously made a sale of -US$981k worth of shares at a price of US$18.51 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$12.20. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$677k for 56.20k shares. On the other hand they divested 53.00k shares, for US$981k. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for OneSpan

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that OneSpan insiders own 2.0% of the company, worth about US$9.2m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The OneSpan Insider Transactions Indicate?

It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. The transactions over the last year don't give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for OneSpan that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.