VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto Sells 614 Shares

VeriSign, Inc. (NASDAQ:VRSN) EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the sale, the executive vice president now directly owns 41,955 shares of the company’s stock, valued at $7,971,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

VeriSign Stock Performance

Shares of VRSN stock opened at $185.43 on Friday. VeriSign, Inc. has a one year low of $185.19 and a one year high of $229.72. The company’s 50-day simple moving average is $192.22 and its 200-day simple moving average is $201.46. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 23.41 and a beta of 0.88.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The firm had revenue of $380.40 million for the quarter, compared to analysts’ expectations of $381.01 million. As a group, research analysts forecast that VeriSign, Inc. will post 7.82 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on VRSN shares. Citigroup decreased their price target on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

Institutional Investors Weigh In On VeriSign

Several large investors have recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of VeriSign by 52.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock valued at $31,000 after buying an additional 52 shares during the period. Eagle Bay Advisors LLC boosted its stake in shares of VeriSign by 2,628.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 191 shares of the information services provider’s stock valued at $32,000 after buying an additional 184 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of VeriSign during the 4th quarter valued at $36,000. Finally, Baldwin Brothers LLC MA boosted its stake in shares of VeriSign by 158.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock valued at $37,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds 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.