Symbols / OSPN Stock $12.26 +0.66% OneSpan Inc.

Technology • Software - Infrastructure • United States • NCM
OSPN (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Infrastructure
CEO Mr. Victor T. Limongelli Esq.
Exch · Country NCM · United States
Market Cap 454.51M
Enterprise Value 412.72M
Income 69.96M
Sales 245.76M
FCF (ttm) 44.07M
Book/sh 7.28
Cash/sh 1.34
Employees 505
Insider 10d
IPO May 21, 1998
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 27.07%
P/E 6.77
Forward P/E 9.34
PEG 0.85
P/S 1.85
P/B 1.68
P/C
EV/EBITDA 6.94
EV/Sales 1.68
Quick Ratio 0.98
Current Ratio 1.25
Debt/Eq 2.92
LT Debt/Eq
EPS (ttm) 1.81
EPS next Y 1.31
EPS Growth -18.90%
Revenue Growth 4.10%
EPS Gr Q/Q -20.30%
Rev Gr Q/Q
Earnings (next) 2026-04-30
Earnings (prior) 2026-04-30
ROA 8.43%
ROE 27.81%
ROIC
Gross Margin 73.88%
Oper. Margin 22.90%
Profit Margin 28.47%
Shs Outstand 37.07M
Shs Float 36.16M
Insider Own 2.04%
Instit Own 97.43%
Short Float 7.36%
Short Ratio 5.35
Short Interest 2.40M
52W High 18.13
vs 52W High -32.38%
52W Low 10.07
vs 52W Low 21.75%
Beta 1.47
Impl. Vol. 52.78%
Rel Volume 0.63
Avg Volume 618.86K
Volume 391.33K
Target (mean) $16.25
Tgt Median $15.50
Tgt Low $12.00
Tgt High $22.00
# Analysts 4
Recom Buy
Prev Close $12.18
Price $12.26
Change 0.66%
About

OneSpan Inc., together with its subsidiaries, provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. It operates through Cybersecurity and Digital Agreements segments. The company offers Cloud Authentication, a cloud-based multifactor authentication solution; Mobile Security Suite, a software development kit that protects mobile transactions; Mobile Application Shielding that protects mobile applications from attacks by malware allowing secure usage of mobile applications even in hostile environments; and authentication servers that securely authenticate users and transactions. The company also provides Authentication Suite, a solution to protect organizations from cyber threats; Digipass Authenticator; and Digipass S3 Authentication software, an authentication platform designed to enable passwordless and phishing-resistant authentication across web and mobile applications. It also provides OneSpan Sign, a range of e-signature requirements for occasional agreement; OneSpan Notary, an online notary solution developed for organizations with in-house notaries; OneSpan Sign Identity Verification that enables banks and financial institutions identity verification services; Onespan Sign Authentication, a configurable authentication option to verify senders and signers by adding layers of security to e-signature transactions; and OneSpan Integration Platform, a platform that enables organizations to integrate e-signatures. It sells its solutions through its direct sales force, distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in August 1997. OneSpan Inc. was founded in 1991 and is headquartered in Boston, Massachusetts.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.26
Low
$12.00
High
$22.00
Mean
$16.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 main DA Davidson Neutral → Neutral $12
2025-10-31 main DA Davidson Neutral → Neutral $13
2025-10-31 main Rosenblatt Buy → Buy $15
2025-08-26 init B. Riley Securities — → Buy $23
2025-08-06 main Rosenblatt Buy → Buy $17
2025-05-02 main Rosenblatt Buy → Buy $20
2024-12-16 main Rosenblatt Buy → Buy $22
2024-10-31 up Sidoti & Co. Neutral → Buy $19
2024-10-31 main Rosenblatt Buy → Buy $18
2024-10-28 main Rosenblatt Buy → Buy $20
2024-09-06 init Rosenblatt — → Buy $20
2024-05-03 main DA Davidson Neutral → Neutral $13
2024-05-03 main Craig-Hallum Buy → Buy $17
2024-04-02 down Sidoti & Co. Buy → Neutral $12
2024-03-07 main DA Davidson Neutral → Neutral $12
2023-08-10 down DA Davidson Buy → Neutral $12
2021-04-15 up Sidoti & Co. Neutral → Buy $39
2021-03-31 init DA Davidson — → Buy $35
2020-08-12 main Needham — → Buy $29
2020-06-24 main Needham — → Buy $31
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-14 MARTELL JORGE GARCIA Chief Financial Officer 1,133
2026-03-16 MARTELL JORGE GARCIA Chief Financial Officer 15,000 $10.33 $154,996
2026-03-06 MARTELL JORGE GARCIA Chief Financial Officer 3,055
2026-03-04 ZENNER MARC Director 3,300 $10.54 $34,782
2026-03-04 LIMONGELLI VICTOR T Chief Executive Officer 26,761
2026-03-04 MATAAC LARA General Counsel 5,084
2026-03-04 MARTELL JORGE GARCIA Chief Financial Officer 7,494
2026-03-03 JAIN ASHISH Chief Technology Officer 10,642
2026-02-23 MATAAC LARA General Counsel 1,823
2026-02-23 MARTELL JORGE GARCIA Chief Financial Officer 3,038
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
243.18
+0.00%
243.18
+3.43%
235.11
+7.35%
219.01
Cost Of Revenue
63.83
-6.96%
68.60
-11.36%
77.39
+9.87%
70.44
Reconciled Cost Of Revenue
56.24
-10.15%
62.59
-14.57%
73.27
+8.53%
67.51
Gross Profit
179.35
+2.74%
174.58
+10.69%
157.72
+6.16%
148.57
Operating Expense
129.28
+3.15%
125.33
-25.96%
169.28
+4.25%
162.38
Research And Development
34.16
+5.34%
32.42
-15.61%
38.42
-7.94%
41.73
Selling General And Administration
92.64
+2.31%
90.55
-29.53%
128.50
+10.30%
116.50
Selling And Marketing Expense
46.95
+5.40%
44.55
-36.58%
70.23
+15.24%
60.95
General And Administrative Expense
45.69
-0.68%
46.01
-21.04%
58.27
+4.89%
55.55
Other Gand A
45.69
-0.68%
46.01
-21.04%
58.27
+4.89%
55.55
Total Expenses
193.11
-0.42%
193.93
-21.38%
246.67
+5.95%
232.81
Operating Income
50.07
+1.68%
49.25
+526.03%
-11.56
+16.26%
-13.80
Total Operating Income As Reported
48.45
+8.13%
44.80
+255.19%
-28.87
-6.48%
-27.11
EBITDA
60.14
+4.39%
57.61
+1233.89%
-5.08
+24.60%
-6.74
Normalized EBITDA
61.77
-0.46%
62.06
+407.42%
12.23
+86.12%
6.57
Reconciled Depreciation
10.07
+20.40%
8.36
+29.09%
6.48
-8.31%
7.07
EBIT
50.07
+1.68%
49.25
+526.03%
-11.56
+16.26%
-13.80
Total Unusual Items
-1.63
+63.37%
-4.44
+74.33%
-17.31
-30.06%
-13.31
Total Unusual Items Excluding Goodwill
-1.63
+63.37%
-4.44
+74.33%
-17.31
-30.06%
-13.31
Special Income Charges
-1.63
+63.37%
-4.44
+74.33%
-17.31
-30.06%
-13.31
Restructuring And Mergern Acquisition
1.63
-63.37%
4.44
-74.33%
17.31
+30.06%
13.31
Write Off
3.83
Net Income
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Pretax Income
49.36
+6.18%
46.49
+270.20%
-27.31
-133.58%
-11.69
Net Non Operating Interest Income Expense
1.99
+9.85%
1.81
-13.54%
2.09
+251.26%
0.59
Net Interest Income
1.99
+9.85%
1.81
-13.54%
2.09
+251.26%
0.59
Interest Income Non Operating
1.99
+9.85%
1.81
-13.54%
2.09
+251.26%
0.59
Interest Income
1.99
+9.85%
1.81
-13.54%
2.09
+251.26%
0.59
Other Income Expense
-2.70
+40.97%
-4.57
+74.39%
-17.84
-1276.20%
1.52
Other Non Operating Income Expenses
-1.07
-755.20%
-0.12
+76.50%
-0.53
-103.59%
14.83
Tax Provision
-23.54
-122.20%
-10.60
-526.19%
2.49
-9.30%
2.74
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.34
+63.37%
-0.93
+74.33%
-3.64
-30.06%
-2.80
Net Income Including Noncontrolling Interests
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Net Income From Continuing Operation Net Minority Interest
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Net Income From Continuing And Discontinued Operation
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Net Income Continuous Operations
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Normalized Income
74.19
+22.44%
60.59
+475.81%
-16.12
-311.40%
-3.92
Net Income Common Stockholders
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Diluted EPS
1.88
+28.77%
1.46
+297.30%
-0.74
-105.56%
-0.36
Basic EPS
1.91
+28.19%
1.49
+301.35%
-0.74
-105.56%
-0.36
Basic Average Shares
38.21
-0.46%
38.39
-4.49%
40.19
+0.12%
40.14
Diluted Average Shares
38.88
-0.53%
39.09
-2.76%
40.19
+0.12%
40.14
Diluted NI Availto Com Stockholders
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Amortization
2.48
+5.53%
2.35
-0.08%
2.35
-43.15%
4.14
Amortization Of Intangibles Income Statement
2.48
+5.53%
2.35
-0.08%
2.35
-43.15%
4.14
Depreciation Amortization Depletion Income Statement
2.48
+5.53%
2.35
-0.08%
2.35
-43.15%
4.14
Depreciation And Amortization In Income Statement
2.48
+5.53%
2.35
-0.08%
2.35
-43.15%
4.14
Total Other Finance Cost
-2.09
-251.26%
-0.59
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
397.70
+17.41%
338.73
+17.13%
289.19
-13.70%
335.08
Current Assets
172.21
-1.53%
174.89
+19.51%
146.34
-26.23%
198.39
Cash Cash Equivalents And Short Term Investments
70.50
-15.22%
83.16
+93.39%
43.00
-56.34%
98.50
Cash And Cash Equivalents
70.50
-15.22%
83.16
+93.39%
43.00
-55.29%
96.17
Other Short Term Investments
0.00
-100.00%
2.33
Receivables
74.27
+14.41%
64.92
-6.63%
69.53
-0.18%
69.65
Accounts Receivable
56.00
-0.41%
56.23
-12.67%
64.39
-1.14%
65.13
Gross Accounts Receivable
57.23
-1.04%
57.83
-12.28%
65.92
-1.21%
66.73
Allowance For Doubtful Accounts Receivable
-1.23
+23.31%
-1.60
-4.17%
-1.54
+4.00%
-1.60
Other Receivables
18.27
+110.30%
8.69
+69.04%
5.14
+13.69%
4.52
Inventory
10.47
-3.02%
10.79
-30.61%
15.55
+29.03%
12.05
Raw Materials
4.09
-6.68%
4.38
-48.48%
8.51
+25.87%
6.76
Work In Process
6.37
-0.52%
6.41
-9.02%
7.04
+33.07%
5.29
Prepaid Assets
7.04
+7.59%
6.55
-0.43%
6.58
+5.67%
6.22
Restricted Cash
0.17
-67.67%
0.53
-56.21%
1.21
Other Current Assets
9.94
+4.82%
9.48
-15.06%
11.16
+3.75%
10.76
Total Non Current Assets
225.49
+37.63%
163.84
+14.70%
142.85
+4.50%
136.69
Net PPE
29.59
+3.13%
28.69
+15.26%
24.89
+20.24%
20.70
Gross PPE
55.56
+18.62%
46.84
+21.91%
38.42
-5.52%
40.67
Accumulated Depreciation
-25.97
-43.10%
-18.15
-34.14%
-13.53
+32.23%
-19.96
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
40.20
+27.73%
31.48
+26.96%
24.79
+9.13%
22.72
Other Properties
7.36
-4.78%
7.72
+25.18%
6.17
-23.07%
8.02
Leases
8.00
+4.73%
7.64
+2.41%
7.46
-24.86%
9.93
Goodwill And Other Intangible Assets
113.58
+13.76%
99.85
-4.47%
104.52
+1.48%
103.00
Goodwill
103.84
+12.42%
92.36
-1.41%
93.68
+3.50%
90.51
Other Intangible Assets
9.74
+30.21%
7.48
-30.94%
10.83
-13.22%
12.48
Investments And Advances
11.83
0.00
Long Term Equity Investment
11.83
0.00
Non Current Accounts Receivable
Non Current Deferred Assets
54.73
+166.78%
20.52
+1092.10%
1.72
-9.47%
1.90
Non Current Deferred Taxes Assets
54.73
+166.78%
20.52
+1092.10%
1.72
-9.47%
1.90
Other Non Current Assets
15.75
+6.52%
14.79
+26.19%
11.72
+5.62%
11.10
Total Liabilities Net Minority Interest
125.86
-0.27%
126.20
-2.96%
130.05
-1.31%
131.77
Current Liabilities
114.57
+3.90%
110.28
-3.97%
114.83
+3.62%
110.81
Payables And Accrued Expenses
42.89
+0.65%
42.61
-5.56%
45.12
-1.50%
45.80
Payables
17.48
-22.25%
22.48
+11.84%
20.10
+1.53%
19.80
Accounts Payable
13.73
+3.13%
13.31
-23.73%
17.45
+0.55%
17.36
Dividends Payable
0.67
-85.92%
4.76
0.00
Current Accrued Expenses
25.41
+26.23%
20.13
-19.53%
25.02
-3.81%
26.01
Total Tax Payable
3.08
-30.07%
4.40
+66.40%
2.65
+8.53%
2.44
Income Tax Payable
3.08
-30.07%
4.40
+66.40%
2.65
+8.53%
2.44
Current Deferred Liabilities
71.68
+5.94%
67.67
-2.94%
69.71
+7.23%
65.01
Current Deferred Revenue
71.64
+6.19%
67.47
-2.69%
69.33
+7.26%
64.64
Total Non Current Liabilities Net Minority Interest
11.29
-29.14%
15.93
+4.66%
15.22
-27.38%
20.96
Long Term Debt And Capital Lease Obligation
6.14
-11.44%
6.93
+1.58%
6.82
-19.17%
8.44
Long Term Capital Lease Obligation
6.14
-11.44%
6.93
+1.58%
6.82
-19.17%
8.44
Tradeand Other Payables Non Current
0.00
-100.00%
2.56
Non Current Deferred Liabilities
3.53
-50.11%
7.07
+35.47%
5.22
-30.10%
7.47
Non Current Deferred Revenue
2.54
-25.10%
3.39
-18.35%
4.15
-33.77%
6.27
Non Current Deferred Taxes Liabilities
0.99
-73.15%
3.68
+244.89%
1.07
-10.86%
1.20
Other Non Current Liabilities
1.62
-15.83%
1.93
-39.35%
3.18
+27.90%
2.48
Stockholders Equity
271.84
+27.91%
212.53
+33.55%
159.14
-21.73%
203.31
Common Stock Equity
271.84
+27.91%
212.53
+33.55%
159.14
-21.73%
203.31
Capital Stock
0.04
-2.63%
0.04
+0.00%
0.04
-5.00%
0.04
Common Stock
0.04
-2.63%
0.04
+0.00%
0.04
-5.00%
0.04
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
42.09
+0.74%
41.78
+1.31%
41.24
+1.18%
40.76
Ordinary Shares Number
37.36
-1.83%
38.06
+1.44%
37.52
-5.56%
39.73
Treasury Shares Number
4.73
+27.01%
3.72
+0.00%
3.72
+258.77%
1.04
Additional Paid In Capital
128.65
+4.99%
122.53
+3.30%
118.62
+10.54%
107.31
Retained Earnings
209.82
+38.72%
151.26
+52.88%
98.94
-23.15%
128.74
Gains Losses Not Affecting Retained Earnings
-6.14
+55.85%
-13.92
-25.63%
-11.08
+23.86%
-14.55
Treasury Stock
60.52
+27.74%
47.38
+0.01%
47.38
+160.00%
18.22
Other Equity Adjustments
-6.14
+55.85%
-13.92
-25.63%
-11.08
+23.86%
-14.55
Total Equity Gross Minority Interest
271.84
+27.91%
212.53
+33.55%
159.14
-21.73%
203.31
Total Capitalization
271.84
+27.91%
212.53
+33.55%
159.14
-21.73%
203.31
Working Capital
57.64
-10.80%
64.62
+105.06%
31.51
-64.02%
87.57
Invested Capital
271.84
+27.91%
212.53
+33.55%
159.14
-21.73%
203.31
Total Debt
6.14
-11.44%
6.93
+1.58%
6.82
-19.17%
8.44
Capital Lease Obligations
6.14
-11.44%
6.93
+1.58%
6.82
-19.17%
8.44
Net Tangible Assets
158.26
+40.45%
112.68
+106.29%
54.62
-45.55%
100.31
Tangible Book Value
158.26
+40.45%
112.68
+106.29%
54.62
-45.55%
100.31
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
59.45
+6.80%
55.67
+618.56%
-10.73
-86.40%
-5.76
Cash Flow From Continuing Operating Activities
59.45
+6.80%
55.67
+618.56%
-10.73
-86.40%
-5.76
Net Income From Continuing Operations
72.90
+27.72%
57.08
+291.56%
-29.80
-106.45%
-14.43
Depreciation Amortization Depletion
10.07
+20.40%
8.36
+29.09%
6.48
-8.31%
7.07
Amortization Cash Flow
10.07
+20.40%
8.36
+29.09%
6.48
-8.31%
7.07
Depreciation And Amortization
10.07
+20.40%
8.36
+29.09%
6.48
-8.31%
7.07
Amortization Of Intangibles
10.07
+20.40%
8.36
+29.09%
6.48
-8.31%
7.07
Stock Based Compensation
11.20
+25.03%
8.96
-37.17%
14.25
+64.92%
8.64
Provisionand Write Offof Assets
0.31
+48.56%
0.21
-27.27%
0.29
+55.43%
0.18
Asset Impairment Charge
0.71
-62.39%
1.89
-43.33%
3.33
-13.11%
3.83
Deferred Tax
-29.93
-85.26%
-16.16
-13791.53%
0.12
-92.79%
1.64
Deferred Income Tax
-29.93
-85.26%
-16.16
-13791.53%
0.12
-92.79%
1.64
Operating Gains Losses
0.06
0.46
+103.07%
-14.81
Change In Working Capital
-5.86
-25.41%
-4.67
+13.45%
-5.40
-353.62%
2.13
Change In Receivables
-4.97
-577.06%
1.04
+61.30%
0.65
+106.69%
-9.65
Changes In Account Receivables
3.63
-45.92%
6.71
+450.08%
1.22
+112.57%
-9.71
Change In Inventory
1.65
-59.55%
4.08
+224.55%
-3.27
-51.06%
-2.17
Change In Payables And Accrued Expense
2.02
+132.41%
-6.22
-49.87%
-4.15
-140.23%
10.32
Change In Accrued Expense
4.10
+198.77%
-4.15
-171.00%
-1.53
-169.69%
2.20
Change In Payable
-2.08
-0.48%
-2.07
+20.92%
-2.62
-132.26%
8.12
Change In Account Payable
-0.58
+84.98%
-3.85
-1423.32%
-0.25
-102.73%
9.26
Change In Other Working Capital
-4.55
-27.50%
-3.57
-358.21%
1.38
-61.91%
3.63
Investing Cash Flow
-35.58
-282.42%
-9.30
+22.54%
-12.01
-125.79%
46.59
Net PPE Purchase And Sale
-8.96
+3.09%
-9.24
+25.95%
-12.48
-149.88%
-5.00
Purchase Of PPE
-8.96
+3.09%
-9.24
+25.95%
-12.48
-149.88%
-5.00
Capital Expenditure
-9.04
+2.79%
-9.30
+25.82%
-12.54
-149.61%
-5.03
Net Investment Purchase And Sale
0.00
0.00
-100.00%
2.33
-92.88%
32.74
Purchase Of Investment
0.00
0.00
+100.00%
-15.81
Sale Of Investment
0.00
0.00
-100.00%
2.33
-95.20%
48.55
Net Business Purchase And Sale
-26.54
0.00
+100.00%
-1.80
-109.54%
18.87
Purchase Of Business
-14.71
0.00
+100.00%
-1.80
0.00
Gain Loss On Sale Of Business
0.00
0.00
+100.00%
-14.81
Net Intangibles Purchase And Sale
-0.09
-43.33%
-0.06
-1.69%
-0.06
-103.45%
-0.03
Purchase Of Intangibles
-0.09
-43.33%
-0.06
-1.69%
-0.06
-103.45%
-0.03
Financing Cash Flow
-38.42
-632.65%
-5.24
+83.66%
-32.09
-339.16%
-7.31
Cash Flow From Continuing Financing Activities
-38.42
-632.65%
-5.24
+83.66%
-32.09
-339.16%
-7.31
Net Common Stock Issuance
-29.16
-409.61%
-5.72
Common Stock Payments
-29.16
-409.61%
-5.72
Cash Dividends Paid
-18.46
0.00
0.00
Repurchase Of Capital Stock
-29.16
-409.61%
-5.72
Proceeds From Stock Option Exercised
-13.14
-437966.67%
-0.00
+99.99%
-29.16
-409.61%
-5.72
Net Other Financing Charges
-5.08
+3.09%
-5.24
-78.33%
-2.94
-85.19%
-1.59
Changes In Cash
-14.55
-135.39%
41.12
+174.98%
-54.84
-263.61%
33.52
Effect Of Exchange Rate Changes
1.72
+230.45%
-1.32
-232.10%
1.00
+368.01%
-0.37
Beginning Cash Position
83.33
+91.43%
43.53
-55.30%
97.38
+51.61%
64.23
End Cash Position
70.50
-15.40%
83.33
+91.43%
43.53
-55.30%
97.38
Free Cash Flow
50.41
+8.73%
46.36
+299.17%
-23.28
-115.86%
-10.78
Interest Paid Supplemental Data
0.00
0.00
Income Tax Paid Supplemental Data
9.64
+318.81%
2.30
-53.86%
4.99
+146.37%
2.02
Change In Income Tax Payable
-1.50
-184.34%
1.78
+175.29%
-2.37
-107.63%
-1.14
Change In Tax Payable
-1.50
-184.34%
1.78
+175.29%
-2.37
-107.63%
-1.14
Interest Paid CFF
-1.74
0.00
0.00
Sale Of Business
0.00
0.00
-100.00%
18.87
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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