VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Analysis on VeriSign
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.
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