Rep. James Comer Buys VeriSign, Inc. (NASDAQ:VRSN) Shares

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 Down 0.3 %

NASDAQ VRSN opened at $209.00 on Wednesday. The firm has a market capitalization of $20.08 billion, a P/E ratio of 24.30 and a beta of 0.89. The business has a fifty day simple moving average of $194.90 and a 200 day simple moving average of $186.16. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $213.68.

VeriSign (NASDAQ:VRSNGet Free Report) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $390.19 million. During the same quarter last year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Citigroup boosted their target price on VeriSign from $210.00 to $238.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

View Our Latest Stock Report on VeriSign

Insider Buying and Selling

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by insiders.

Institutional Investors Weigh In On VeriSign

Institutional investors have recently bought and sold shares of the stock. Concord Wealth Partners lifted its holdings in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares during the period. Tobam boosted its stake in shares of VeriSign by 61.1% during the 3rd 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. raised its stake in VeriSign by 138.6% in the third quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock worth $75,000 after buying an additional 244 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in VeriSign in the second quarter worth about $76,000. Finally, Intact Investment Management Inc. purchased a new position in shares of VeriSign in the 3rd quarter valued at approximately $76,000. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

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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