On December 21, 2023, D Bidzos, the Exec. Chairman & CEO of VeriSign Inc (VRSN, Financial), sold 6,000 shares of the company. The transaction was filed with the SEC and can be found in detail through the following SEC Filing.
VeriSign Inc is a company that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc and .tv country-code top-level domains, and the back-end systems for the .jobs, .gov, and .edu top-level domains. VeriSign also offers a range of security services, including managed DNS, Distributed Denial of Service (DDoS) attack mitigation, and cyber-threat reporting.
In the past year, the insider has sold a total of 189,000 shares and has not made any purchases. This latest sale continues a trend observed over the past year, where there have been no insider buys and 62 insider sells for VeriSign Inc.
On the date of the insider's recent sale, shares of VeriSign Inc were trading at $205.19, giving the company a market capitalization of $20.875 billion.
The stock's price-earnings ratio stands at 29.13, which is above the industry median of 26.79 but below the company's historical median price-earnings ratio.
VeriSign Inc's stock price of $205.19 compared to the GuruFocus Value of $244.10 indicates a price-to-GF-Value ratio of 0.84, suggesting that the stock is modestly undervalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
