Rep. James Comer Sells VeriSign, Inc. (NASDAQ:VRSN) Stock

Key Points

• Representative James Comer sold shares of VeriSign, Inc. worth between $1,001 and $15,000 on July 3rd, as per a filing disclosed on August 11th.
• VeriSign recently reported $409.90 million in revenue for the quarter, with an earnings per share (EPS) of $2.21, slightly surpassing analysts' estimates.
• The company has initiated a $1.11 billion share buyback plan, indicating that management believes its stock is undervalued.

Representative James Comer (R-Kentucky) recently sold shares of VeriSign, Inc. NASDAQ: VRSN. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in VeriSign stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Churchill Downs NASDAQ: CHDN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/3/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 7/3/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Marvell Technology NASDAQ: MRVL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 7/3/2025.

VeriSign Trading Down 0.3%

NASDAQ VRSN traded down $0.68 on Thursday, hitting $266.82. 859,735 shares of the company were exchanged, compared to its average volume of 1,182,776. The firm has a 50 day moving average of $280.79 and a two-hundred day moving average of $260.93. The company has a market cap of $24.92 billion, a P/E ratio of 31.84 and a beta of 0.78. VeriSign, Inc. has a 1-year low of $175.62 and a 1-year high of $310.60.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The information services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.01. The business had revenue of $409.90 million for the quarter, compared to the consensus estimate of $410.35 million. VeriSign had a net margin of 50.05% and a negative return on equity of 40.87%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS.

VeriSign Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 19th will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, August 19th. This represents a $3.08 annualized dividend and a yield of 1.2%. VeriSign's dividend payout ratio is 36.75%.

VeriSign declared that its Board of Directors has initiated a stock buyback program on Thursday, July 24th that authorizes the company to buyback $1.11 billion in outstanding shares. This buyback authorization authorizes the information services provider to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On VeriSign

A number of large investors have recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC grew its holdings in shares of VeriSign by 56.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 97 shares of the information services provider's stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of VeriSign by 2.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,506 shares of the information services provider's stock worth $382,000 after purchasing an additional 37 shares in the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of VeriSign by 20.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 226 shares of the information services provider's stock worth $65,000 after purchasing an additional 38 shares in the last quarter. Flputnam Investment Management Co. grew its holdings in shares of VeriSign by 1.8% during the 1st quarter. Flputnam Investment Management Co. now owns 2,183 shares of the information services provider's stock worth $554,000 after purchasing an additional 39 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of VeriSign by 25.3% during the 1st quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider's stock worth $50,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 92.90% of the company's stock.

Analyst Upgrades and Downgrades

VRSN has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on VeriSign from $285.00 to $305.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Citigroup reiterated a "buy" rating on shares of VeriSign in a research report on Tuesday, July 8th.

Insider Buying and Selling at VeriSign

In related news, EVP Thomas C. Indelicarto sold 501 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $264.50, for a total value of $132,514.50. Following the sale, the executive vice president directly owned 36,767 shares of the company's stock, valued at $9,724,871.50. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO D James Bidzos sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $281.35, for a total value of $562,700.00. Following the completion of the sale, the chief executive officer directly owned 515,772 shares in the company, valued at $145,112,452.20. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,006 shares of company stock worth $11,263,064. 0.84% of the stock is currently owned by insiders.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.