VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto Sells 1,228 Shares

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

VeriSign Trading Down 0.5 %

Shares of NASDAQ VRSN opened at $187.06 on Thursday. The stock has a fifty day moving average price of $182.79 and a 200 day moving average price of $179.85. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The company has a market cap of $18.63 billion, a P/E ratio of 22.98 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last posted its earnings results 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 business had revenue of $387.10 million during the quarter, compared to analyst estimates of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share.

Institutional Trading of VeriSign

Several large investors have recently bought and sold shares of VRSN. Blue Trust Inc. grew its holdings in VeriSign by 291.1% during 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 in the last quarter. UMB Bank n.a. grew its stake in shares of VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of VeriSign during the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign in the second quarter worth about $39,000. Finally, Versant Capital Management Inc boosted its holdings in VeriSign by 55.7% in the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird restated a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

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.