VeriSign, Inc. (NASDAQ:VRSN) Short Interest Update

VeriSign, Inc. (NASDAQ:VRSN) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 1,870,000 shares, a decline of 16.1% from the October 31st total of 2,230,000 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 621,700 shares, the short-interest ratio is currently 3.0 days.

VeriSign Stock Performance

Shares of VRSN stock opened at $187.18 on Monday. The stock has a fifty day moving average price of $184.42 and a 200 day moving average price of $180.70. The stock has a market cap of $17.99 billion, a PE ratio of 21.77 and a beta of 0.91. VeriSign has a 1 year low of $167.04 and a 1 year high of $220.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the previous year, the company posted $1.83 EPS. The business’s revenue was up 3.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. The trade was a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Institutional Trading of VeriSign

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of VeriSign during the 2nd quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VeriSign during the second quarter worth about $39,000. Finally, Concord Wealth Partners raised its position in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

About VeriSign

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.