VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) 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 – Get Free Report) 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
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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