OneSpan Executives Bulk Up Shares Amid Market Dip, Signaling Confidence in Cyber‑Security Outlook

Insider Activity Highlights OneSpan’s Current Trajectory

Mataac Lara, OneSpan’s General Counsel, has just added 1,823 shares to her portfolio on February 23, 2026, buying at a price near the prevailing market level of $10.84. The purchase follows a pattern of modest, long‑term accumulation: since early 2025 she has been buying common stock in 4‑ to 6‑thousand‑share blocks, with occasional sales of restricted‑stock units (RSUs) that vest over three years. Her latest trade is part of a broader wave of insider buying, notably from CFO Martell Jorge Garcia, who bought over 3,000 shares on the same day. Together, these moves suggest that key executives see continued upside potential despite the stock’s recent decline from a 52‑week high of $18.13 to just above the 52‑week low of $10.17.

What This Means for Investors

The timing is key: OneSpan’s share price has been falling 2.7 % over the week and almost 10 % in the month, underscoring a broader sector downturn for mature security software firms. Yet the insiders’ willingness to add to their positions—especially at a price that has not yet recovered from the recent dip—signals confidence in the company’s fundamentals. The firm’s P/E of 6.62, low relative to peers, and a book‑value premium of 1.71 suggest that the market may be pricing in a slowdown that the company’s management believes is temporary. For investors, this could translate into a buying opportunity if the stock’s valuation continues to lag behind its earnings potential.

Lara’s Transaction Profile: A Patient Investor

Lara’s trading history shows a deliberate, long‑term strategy. Her first major purchase came on February 17, 2026, buying 8,077 RSUs at $0.00, followed by a series of common‑stock buys in 2025 and 2026. She has also sold a handful of shares, typically at market‑price levels around $14.56–$15.49, indicating a willingness to realize gains when the price is attractive. The balance of her holdings—over 70,000 shares—suggests a strong conviction that OneSpan’s growth prospects will materialize over the next few years. Her pattern of buying more than she sells, and holding RSUs for the long haul, is characteristic of insiders who view the company as a core part of their wealth strategy.

Implications for OneSpan’s Future

With its core product lines—secure authentication, e‑signature, and fraud‑prevention software—remaining in high demand, OneSpan’s management appears poised to capitalize on new regulatory pressures in finance and healthcare. The recent insider buying, combined with a modest P/E and a stable earnings base, points to a potential rebound as the market re‑prices the company’s defensive moat. Analysts will likely monitor the company’s Q2 earnings for signs that revenue is stabilizing and that any lag in cash flow is being managed effectively. For investors, the key takeaway is that insiders are not only holding the line but actively adding to their positions, implying confidence that OneSpan can navigate the current volatility and return to higher valuation multiples over the long term.