VeriSign, Inc. (NASDAQ:VRSN) EVP Sells $116,660.00 in Stock

VeriSign, Inc. (NASDAQ:VRSNGet Free Report) EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the transaction, the executive vice president now directly owns 42,569 shares of the company’s stock, valued at $8,088,110. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

VeriSign Stock Performance

Shares of VRSN opened at $188.97 on Thursday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 23.86 and a beta of 0.88. VeriSign, Inc. has a fifty-two week low of $185.19 and a fifty-two week high of $229.72. The firm has a 50 day moving average price of $194.40 and a 200-day moving average price of $202.17.

VeriSign (NASDAQ:VRSNGet Free Report) last issued its earnings results on Thursday, February 8th. The information services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $381.01 million. As a group, equities research analysts predict that VeriSign, Inc. will post 7.82 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on VRSN. downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup dropped their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday.

View Our Latest Stock Analysis on VRSN

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Seven Eight Capital LP increased its stake in shares of VeriSign by 41.4% in the third quarter. Seven Eight Capital LP now owns 1,888 shares of the information services provider’s stock worth $382,000 after buying an additional 553 shares during the period. J.P. Morgan Private Wealth Advisors LLC increased its position in VeriSign by 59.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,746 shares of the information services provider’s stock valued at $1,974,000 after purchasing an additional 3,647 shares during the period. Banque Cantonale Vaudoise grew its position in shares of VeriSign by 7.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,623 shares of the information services provider’s stock worth $734,000 after buying an additional 249 shares during the period. JPMorgan Chase & Co. grew its position in shares of VeriSign by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 660,463 shares of the information services provider’s stock worth $133,764,000 after buying an additional 96,676 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of VeriSign in the 3rd quarter worth about $1,366,000. 92.90% of the stock is owned by hedge funds and other institutional investors.

VeriSign Company Profile

(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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