Insider Selling: VeriSign, Inc. (NASDAQ:VRSN) CEO Sells 3,000 Shares of Stock

VeriSign, Inc. (NASDAQ:VRSNGet Rating) CEO D James Bidzos sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $213.97, for a total transaction of $641,910.00. Following the sale, the chief executive officer now owns 713,915 shares of the company’s stock, valued at approximately $152,756,392.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, April 12th, D James Bidzos sold 3,000 shares of VeriSign stock. The stock was sold at an average price of $215.02, for a total transaction of $645,060.00.
  • On Tuesday, March 15th, D James Bidzos sold 3,000 shares of VeriSign stock. The stock was sold at an average price of $200.62, for a total transaction of $601,860.00.
  • On Tuesday, March 8th, D James Bidzos sold 3,000 shares of VeriSign stock. The stock was sold at an average price of $210.26, for a total transaction of $630,780.00.
  • On Tuesday, February 15th, D James Bidzos sold 3,000 shares of VeriSign stock. The stock was sold at an average price of $215.71, for a total transaction of $647,130.00.
  • On Tuesday, February 8th, D James Bidzos sold 3,000 shares of VeriSign stock. The stock was sold at an average price of $216.27, for a total transaction of $648,810.00.

NASDAQ:VRSN traded down $6.88 during trading hours on Thursday, hitting $212.55. The stock had a trading volume of 519,236 shares, compared to its average volume of 606,120. The company has a 50 day simple moving average of $214.55 and a two-hundred day simple moving average of $224.47. VeriSign, Inc. has a one year low of $198.53 and a one year high of $257.03. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 30.32 and a beta of 0.92.

VeriSign (NASDAQ:VRSNGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The information services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. VeriSign had a net margin of 59.12% and a negative return on equity of 45.19%. The firm had revenue of $340.00 million during the quarter, compared to the consensus estimate of $340.37 million. During the same period last year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts predict that VeriSign, Inc. will post 5.95 EPS for the current year.

Large investors have recently made changes to their positions in the business. Bell Investment Advisors Inc bought a new stake in shares of VeriSign during the 3rd quarter worth $25,000. Riverview Trust Co bought a new stake in shares of VeriSign during the 1st quarter worth $30,000. Concord Wealth Partners bought a new stake in shares of VeriSign during the 4th quarter worth $31,000. Tobam bought a new stake in shares of VeriSign during the 4th quarter worth $41,000. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of VeriSign by 152.3% during the 3rd quarter. Eagle Bay Advisors LLC now owns 275 shares of the information services provider’s stock worth $56,000 after acquiring an additional 166 shares during the last quarter. 90.52% of the stock is owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on shares of VeriSign in a report on Thursday, March 31st. They issued a “hold” rating for the company.

About VeriSign (Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

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Insider Buying and Selling by Quarter for VeriSign (NASDAQ:VRSN)

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