VeriSign (NASDAQ:VRSN) Stock Rating Upgraded by StockNews.com

VeriSign (NASDAQ:VRSNGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Separately, Citigroup decreased their price target on VeriSign from $238.00 to $237.00 and set a “buy” rating on the stock in a report on Monday.

View Our Latest Analysis on VRSN

VeriSign Trading Down 1.3 %

NASDAQ VRSN traded down $2.54 on Monday, hitting $195.84. 1,131,800 shares of the company traded hands, compared to its average volume of 550,211. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of 24.73 and a beta of 0.90. The business’s 50 day moving average price is $204.68 and its 200-day moving average price is $205.47. VeriSign has a 52-week low of $188.44 and a 52-week high of $229.72.

Insider Transactions at VeriSign

In other VeriSign news, CEO D James Bidzos sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,044,800.00. Following the sale, the chief executive officer now directly owns 559,474 shares of the company’s stock, valued at $116,907,687.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other VeriSign news, EVP Danny R. Mcpherson sold 125 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $211.84, for a total transaction of $26,480.00. Following the completion of the transaction, the executive vice president now owns 24,156 shares in the company, valued at $5,117,207.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO D James Bidzos sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $208.96, for a total value of $1,044,800.00. Following the completion of the sale, the chief executive officer now owns 559,474 shares of the company’s stock, valued at approximately $116,907,687.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,202 shares of company stock valued at $9,476,462. 0.94% of the stock is currently owned by insiders.

Institutional Trading of VeriSign

A number of large investors have recently modified their holdings of the company. Resurgent Financial Advisors LLC bought a new position in VeriSign in the fourth quarter worth about $25,000. West Tower Group LLC purchased a new stake in VeriSign in the second quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC boosted its position in VeriSign by 52.0% in the third 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 last quarter. Altshuler Shaham Ltd purchased a new stake in VeriSign in the 4th quarter worth approximately $36,000. Finally, Baldwin Brothers LLC MA boosted its position in VeriSign by 158.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock worth $37,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.

About VeriSign

(Get Free Report)

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 the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

Further Reading

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