Danny R. Mcpherson Sells 2,092 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSN) EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at $5,033,391.51. This represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

VeriSign Stock Down 2.3 %

NASDAQ:VRSN traded down $4.50 during trading hours on Tuesday, reaching $187.99. 729,911 shares of the company’s stock were exchanged, compared to its average volume of 664,750. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 21.90 and a beta of 0.92. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91. The company has a 50-day moving average of $184.62 and a 200 day moving average of $180.85.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same period in the prior year, the business earned $1.83 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

Institutional Trading of VeriSign

Several hedge funds have recently made changes to their positions in VRSN. Blue Trust Inc. lifted its position in VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. boosted its stake in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC purchased a new position in VeriSign in the second quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VeriSign during the 2nd quarter worth $39,000. Finally, Concord Wealth Partners grew its stake in shares of VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 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.