Representative James Comer (R-Kentucky) recently bought shares of VeriSign, Inc. NASDAQ: VRSN. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in VeriSign stock on January 2nd.
Representative James Comer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.
VeriSign Trading Up 0.5 %
Shares of NASDAQ:VRSN traded up $1.10 during trading on Wednesday, hitting $210.10. 599,853 shares of the company's stock traded hands, compared to its average volume of 856,395. The company has a 50-day moving average price of $194.90 and a 200-day moving average price of $186.16. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $213.68. The company has a market cap of $20.19 billion, a price-to-earnings ratio of 24.43 and a beta of 0.89.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The business's revenue was up 3.8% on a year-over-year basis.
Institutional Investors Weigh In On VeriSign
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concord Wealth Partners grew its holdings in shares of VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. Tobam grew its stake in VeriSign by 61.1% in the third quarter. Tobam now owns 311 shares of the information services provider's stock valued at $59,000 after purchasing an additional 118 shares in the last quarter. Blue Trust Inc. increased its position in shares of VeriSign by 138.6% during the 3rd quarter. Blue Trust Inc. now owns 420 shares of the information services provider's stock worth $75,000 after purchasing an additional 244 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of VeriSign during the 2nd quarter worth approximately $76,000. Finally, Intact Investment Management Inc. bought a new stake in shares of VeriSign during the 3rd quarter worth approximately $76,000. 92.90% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on VRSN. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Citigroup upped their price objective on VeriSign from $210.00 to $238.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Finally, Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $200.00 to $250.00 in a research note on Monday, December 9th.
View Our Latest Report on VeriSign
Insider Activity
In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.
About Representative Comer
James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.
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 thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
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