Insider Selling: VeriSign, Inc. (NASDAQ:VRSN) EVP Sells 1,228 Shares of Stock

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

VeriSign Stock Up 1.0 %

Shares of NASDAQ VRSN opened at $187.72 on Friday. The firm’s fifty day moving average is $183.22 and its 200 day moving average is $179.88. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. 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 (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of VeriSign by 0.9% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 14,460 shares of the information services provider’s stock valued at $2,747,000 after buying an additional 126 shares during the period. Blue Trust Inc. increased its position in VeriSign by 138.6% during the 3rd quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock valued at $75,000 after purchasing an additional 244 shares during the period. Claro Advisors LLC bought a new position in VeriSign in the 3rd quarter worth $324,000. Vontobel Holding Ltd. lifted its position in shares of VeriSign by 4.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 102,306 shares of the information services provider’s stock worth $19,434,000 after purchasing an additional 4,020 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of VeriSign by 922.9% in the 3rd quarter. NBC Securities Inc. now owns 5,360 shares of the information services provider’s stock worth $1,018,000 after purchasing an additional 4,836 shares during the period. Institutional investors own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

VeriSign Company Profile

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.