Thomas Indelicarto, the Executive Vice President, General Counsel & Secretary of VeriSign Inc (VRSN, Financial), has sold 614 shares of the company on April 11, 2024, according to a recent SEC filing. The transaction was executed at an average price of $190 per share, resulting in a total value of $116,660.
VeriSign Inc, a global provider of domain name registry services and internet infrastructure, ensures the security, stability, and resiliency of key internet infrastructure and services, including the .com and .net domains. The company's registry services operate the authoritative directory of all .com, .net, .tv, .edu, and other domain names.
Over the past year, Thomas Indelicarto has engaged in the sale of 10,431 shares of VeriSign Inc and has not made any purchases of the stock. The insider's recent sale contributes to a total of 57 insider sells over the past year, with no insider buys reported in the same period.
On the day of the insider's sale, VeriSign Inc shares were trading at $190, giving the company a market capitalization of $18.57 billion. The stock's price-earnings ratio stood at 23.41, which is lower than the industry median of 26.79 and also below the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a share price of $190 and a GF Value of $241.60, VeriSign Inc's price-to-GF-Value ratio is 0.79, indicating that the stock is Modestly Undervalued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at VeriSign Inc.
The GF Value image above provides an intrinsic value estimate for VeriSign Inc, suggesting that the stock may be modestly undervalued at the current price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
