VeriSign, Inc. (NASDAQ:VRSN – Get Free Report) CEO D. Bidzos sold 3,300 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $306.30, for a total transaction of $1,010,790.00. Following the transaction, the chief executive officer owned 371,827 shares in the company, valued at $113,890,610.10. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D James Bidzos also recently made the following trade(s):
- On Tuesday, October 13th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $302.85, for a total transaction of $999,405.00.
- On Tuesday, October 6th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $292.33, for a total transaction of $964,689.00.
- On Tuesday, September 29th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $278.78, for a total transaction of $919,974.00.
- On Tuesday, September 22nd, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $304.74, for a total transaction of $1,005,642.00.
- On Tuesday, September 15th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $296.58, for a total transaction of $978,714.00.
- On Tuesday, September 8th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $284.40, for a total transaction of $938,520.00.
- On Tuesday, September 1st, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $291.09, for a total transaction of $960,597.00.
- On Tuesday, August 25th, D. Bidzos sold 3,300 shares of VeriSign stock. The stock was sold at an average price of $291.16, for a total transaction of $960,828.00.
- On Tuesday, August 18th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $277.85, for a total value of $916,905.00.
- On Tuesday, August 4th, D. Bidzos sold 3,300 shares of VeriSign stock. The shares were sold at an average price of $296.54, for a total value of $978,582.00.
VeriSign Price Performance
Shares of VeriSign stock opened at $307.25 on Thursday. VeriSign, Inc. has a one year low of $208.86 and a one year high of $312.48. The firm has a market capitalization of $27.74 billion, a price-to-earnings ratio of 33.25 and a beta of 0.69. The business has a 50-day simple moving average of $292.48 and a 200 day simple moving average of $283.15.
VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.02. The business had revenue of $434.60 million for the quarter, compared to analyst estimates of $433.19 million. VeriSign had a negative return on equity of 39.20% and a net margin of 49.76%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 earnings per share. On average, sell-side analysts expect that VeriSign, Inc. will post 9.59 EPS for the current year.
Hedge Funds Weigh In On VeriSign
Large investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc bought a new stake in VeriSign during the 2nd quarter worth approximately $2,261,494,000. BlackRock Inc. purchased a new stake in shares of VeriSign in the second quarter worth approximately $2,116,154,000. State Street Corp raised its stake in shares of VeriSign by 1.8% in the second quarter. State Street Corp now owns 4,150,727 shares of the information services provider’s stock worth $1,044,157,000 after purchasing an additional 73,583 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of VeriSign by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,818,151 shares of the information services provider’s stock worth $699,916,000 after purchasing an additional 38,800 shares during the last quarter. Finally, Hawk Ridge Capital Management LP lifted its holdings in shares of VeriSign by 48.5% in the first quarter. Hawk Ridge Capital Management LP now owns 915,012 shares of the information services provider’s stock valued at $227,252,000 after purchasing an additional 298,895 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on VRSN shares. Zacks Research cut VeriSign from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Wedbush lifted their price target on shares of VeriSign from $341.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings upgraded shares of VeriSign from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of VeriSign from $308.00 to $316.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, VeriSign currently has an average rating of “Moderate Buy” and a consensus target price of $335.50.
View Our Latest Report on VRSN
VeriSign Company Profile
VeriSign, Inc (NASDAQ: VRSN) provides internet infrastructure services that support the global domain name system. The company operates the authoritative registry for the .com and .net top-level domains and provides registry services for certain other domains, helping maintain the databases that connect domain names with internet addresses.
The company’s services include domain name registry operations, domain name registration-related support for accredited registrars, and infrastructure designed to improve the availability, stability, and security of internet naming services.
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