VeriSign, Inc. (NASDAQ:VRSN) EVP Sells $233,320.00 in Stock

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on 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 owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

VeriSign Price Performance

Shares of NASDAQ:VRSN opened at $187.72 on Friday. The firm has a fifty day moving average price of $183.22 and a two-hundred day moving average price of $179.88. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 23.06 and a beta of 0.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.08. The company 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.79 earnings per share.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in VeriSign by 291.1% during the second 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 during the last quarter. UMB Bank n.a. increased its stake in VeriSign by 117.2% in 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 during the last quarter. Rothschild Investment LLC purchased a new stake in VeriSign during the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VeriSign during the second quarter worth about $39,000. Finally, Versant Capital Management Inc boosted its holdings in shares of VeriSign by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after purchasing an additional 117 shares in the last quarter. 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.