John Calys Sells 447 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSNGet Free Report) SVP John Calys sold 447 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

VeriSign Trading Up 2.2 %

Shares of NASDAQ:VRSN opened at $238.24 on Wednesday. The stock’s 50-day moving average price is $213.95 and its two-hundred day moving average price is $194.95. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 29.78 and a beta of 0.90. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $239.05.

VeriSign (NASDAQ:VRSNGet Free Report) last released its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Wall Street Analysts Forecast Growth

VRSN has been the topic of a number of research analyst reports. Citigroup raised their price target on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

Read Our Latest Stock Analysis on VeriSign

Hedge Funds Weigh In On VeriSign

Large investors have recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of VeriSign in the 4th quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in shares of VeriSign in the 4th quarter worth about $26,000. Venturi Wealth Management LLC raised its holdings in shares of VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after purchasing an additional 103 shares during the period. Concord Wealth Partners raised its holdings in shares of VeriSign by 93.2% during the 3rd 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 period. Finally, BankPlus Trust Department purchased a new stake in shares of VeriSign during the 4th quarter valued at about $49,000. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

About VeriSign

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for VeriSign (NASDAQ:VRSN)

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