VeriSign, Inc. (NASDAQ:VRSN) EVP Sells $402,563.56 in Stock

VeriSign, Inc. (NASDAQ:VRSN) EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

VeriSign Price Performance

VRSN opened at $188.96 on Friday. The stock’s 50 day simple moving average is $184.85 and its 200 day simple moving average is $181.07. The stock has a market cap of $18.16 billion, a P/E ratio of 21.97 and a beta of 0.92. VeriSign, Inc. 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 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. The business had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 earnings per share.

Institutional Trading of VeriSign

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRSN. Blue Trust Inc. increased its holdings in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after buying an additional 131 shares during the last quarter. UMB Bank n.a. increased its stake in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of VeriSign in the 2nd quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign in the 2nd quarter valued at about $39,000. Finally, Concord Wealth Partners grew 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 worth $43,000 after purchasing an additional 109 shares during the period. 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.