VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto Sells 2,456 Shares

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

VeriSign Stock Down 0.4 %

VeriSign stock opened at $189.96 on Tuesday. The business has a 50 day moving average price of $181.54 and a two-hundred day moving average price of $180.01. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 23.34 and a beta of 0.90. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.08. The company had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 EPS.

Analysts Set New Price Targets

VRSN has been the subject of a number of research reports. Robert W. Baird reissued a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. boosted its stake in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new stake in VeriSign in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VeriSign during the second quarter worth $39,000. Finally, Versant Capital Management Inc lifted its holdings in shares of VeriSign by 55.7% during the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.