Verisign Inc (NASDAQ: VRSN) is 6.39% higher on its value in year-to-date trading and has touched a low of $167.04 and a high of $222.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRSN stock was last observed hovering at around $220.91 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $220.18, the stock is 3.69% and 8.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -0.33% at the moment leaves the stock 18.70% off its SMA200. VRSN registered 11.01% gain for a year compared to 6-month gain of 24.28%. The firm has a 50-day simple moving average (SMA 50) of $202.1676 and a 200-day simple moving average (SMA200) of $185.3167.
The stock witnessed a 4.51% loss in the last 1 month and extending the period to 3 months gives it a 23.79%, and is 2.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.63% over the week and 1.74% over the month.
Verisign Inc (VRSN) has around 908 employees, a market worth around $21.16B and $1.54B in sales. Current P/E ratio is 25.62 and Fwd P/E is 24.13. Profit margin for the company is 55.69%. Distance from 52-week low is 31.81% and -0.89% from its 52-week high.
with sales reaching $396.52M over the same period.The EPS is expected to grow by 7.14% this year, but quarterly earnings will post 3.63% year-over-year. Quarterly sales are estimated to grow 3.18% in year-over-year returns.
1044.0 institutions hold shares in Verisign Inc (VRSN), with institutional investors hold 97.15% of the company’s shares. The shares outstanding are 96.40M, and float is at 95.12M with Short Float at 2.02%. Institutions hold 83.10% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 12.82 million shares valued at $2.28 billion. The investor’s holdings represent 12.7139 of the VRSN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.54 million shares valued at $1.87 billion to account for 10.4544 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.02 million shares representing 8.9494 and valued at over $1.6 billion, while NINETY ONE UK LTD holds 3.9719 of the shares totaling 4.0 million with a market value of $711.85 million.
Verisign Inc (VRSN) Insider Activity
The most recent transaction is an insider purchase by BERKSHIRE HATHAWAY INC, the company’s 10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 12,544 shares of the company’s common stock on Jan 03 ’25 at a price of $204.63 per share for a total of $2.57 million. Following the purchase, the insider now owns 13.29 million shares.
Verisign Inc disclosed in a document filed with the SEC on Jan 02 ’25 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 5,879 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $204.84 per share for $1.2 million. Following the transaction, the insider now directly holds 13.28 million shares of the VRSN stock.
Still, SEC filings show that on Dec 31 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 1,621 shares at an average price of $204.83 for $0.33 million. The insider now directly holds 13,271,457 shares of Verisign Inc (VRSN).
