VeriSign, Inc. (NASDAQ:VRSN) CEO Sells $1,418,350.00 in Stock

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) CEO D James Bidzos sold 5,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $283.67, for a total value of $1,418,350.00. Following the completion of the sale, the chief executive officer now owns 535,772 shares in the company, valued at approximately $151,982,443.24. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

D James Bidzos also recently made the following trade(s):

• On Wednesday, June 18th, D James Bidzos sold 4,000 shares of VeriSign stock. The stock was sold at an average price of $281.87, for a total transaction of $1,127,480.00.
• On Wednesday, June 11th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $279.28, for a total value of $558,560.00.
• On Tuesday, June 10th, D James Bidzos sold 5,000 shares of VeriSign stock. The stock was sold at an average price of $276.71, for a total value of $1,383,550.00.
• On Wednesday, May 21st, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $280.66, for a total value of $561,320.00.
• On Tuesday, May 20th, D James Bidzos sold 5,000 shares of VeriSign stock. The shares were sold at an average price of $280.40, for a total value of $1,402,000.00.

VeriSign Price Performance

VeriSign stock traded up $2.16 during trading hours on Monday, reaching $282.89. The stock had a trading volume of 651,675 shares, compared to its average volume of 757,577. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 34.58 and a beta of 0.77. The business's 50 day moving average price is $273.64 and its 200-day moving average price is $240.89. VeriSign, Inc. has a 52 week low of $172.49 and a 52 week high of $288.95.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting the consensus estimate of $2.10. The firm had revenue of $402.30 million during the quarter, compared to analyst estimates of $400.44 million. VeriSign had a net margin of 50.23% and a negative return on equity of 41.37%. VeriSign's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS.

VeriSign Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's dividend payout ratio is presently 37.65%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Robert W. Baird raised their target price on shares of VeriSign from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen raised shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in shares of VeriSign by 3.3% during the fourth quarter. CIBC Asset Management Inc now owns 13,230 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 423 shares during the last quarter. Truist Financial Corp boosted its stake in VeriSign by 12.2% in the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock worth $4,235,000 after purchasing an additional 2,218 shares in the last quarter. Venturi Wealth Management LLC grew its position in VeriSign by 127.2% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock worth $38,000 after purchasing an additional 103 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in VeriSign during the 4th quarter worth approximately $214,000. Finally, Ieq Capital LLC increased its stake in VeriSign by 270.5% during the 4th quarter. Ieq Capital LLC now owns 55,721 shares of the information services provider's stock valued at $11,532,000 after purchasing an additional 40,680 shares in the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

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.