Danny Mcpherson Sells Shares of VeriSign, Inc.
Danny Mcpherson sold 82 shares of VeriSign at $272.96 each, totaling $22,382.72.
Key Points
- Danny Mcpherson, EVP at VeriSign, sold 82 shares at $272.96 each on June 15, 2026, for a total of $22,382.72.
- VeriSign's stock has a market cap of $24.84 billion, a P/E ratio of 30.1, and a 52-week range of $208.86 to $312.48.
- Analysts maintain a 'buy' consensus with a mean target price of $306.25, backed by firms like Citigroup and Baird.
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Danny Mcpherson, Executive Vice President and Chief Security Officer at VeriSign, Inc., sold 82 shares of the company on June 15, 2026. The transaction was valued at $22,382.72, with each share sold at a price of $272.96. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at VeriSign, Inc.
Aside from Danny Mcpherson's sale, other executives at VeriSign have also been active. On the same day, EVP and CFO John Calys sold 290 shares at the same price of $272.96. Earlier in June, CEO James Bidzos sold 3,300 shares on both June 2 and June 9 at average prices of $297.47 and $284.30, respectively, under a pre-arranged plan. EVP and General Counsel Thomas Indelicarto also sold 500 shares on the same dates.
Other Institutional Activity in VeriSign, Inc.
Several institutional investors have made changes to their holdings in VeriSign. BlackRock, Inc. reduced its stake by 237,095 shares, leaving it with approximately 9.32 million shares valued at about $2.32 billion. State Street Corp also trimmed its position by 187,421 shares, holding 4.08 million shares worth around $1.01 billion. On the other hand, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported holding over 5.36 million and 5.25 million shares, respectively, marking significant stakes in the company.
VeriSign, Inc. Stock Down 6.2%
Shares of NasdaqGS:VRSN traded near $272.96. VeriSign has a market cap of approximately $24.84 billion and a P/E ratio of 30.1. The stock's 52-week range is between $208.86 and $312.48, with a 50-day moving average of $283.10 and a 200-day moving average of $258.78. The company has a beta of 0.688, indicating lower volatility compared to the market.
Recent Earnings
VeriSign reported revenue of $1.68 billion, reflecting a growth rate of 6.6%. The company's net margin stands at 49.96%, with an earnings per share (EPS) of $9.06. Investors can look forward to the next earnings release on July 23, 2026.
Analysts Set New Price Targets
On April 24, 2026, Citigroup maintained its 'buy' rating for VeriSign, setting a price target of $320. Baird also reiterated a 'buy' rating with a target of $355. Meanwhile, JP Morgan maintained a 'hold' rating with a target price of $278. The stock has a consensus 'buy' rating, with a mean target price of $306.25 across four analyst opinions.
About VeriSign, Inc.
VeriSign, Inc. operates in the technology sector, specializing in internet infrastructure and domain name registry services. The company provides key services that enable internet navigation, including maintaining two of the thirteen global internet root servers and operating the registry for .com and .net domains. Headquartered in Reston, Virginia, VeriSign is led by CEO D. James Bidzos and employs approximately 926 people.
Bottom Line
Danny Mcpherson's recent sale of VeriSign shares is part of broader insider activity within the company. While institutional investors like BlackRock and State Street have adjusted their positions, others like Vanguard have maintained significant stakes. Analysts remain optimistic about the stock's prospects, maintaining a 'buy' consensus with a favorable mean target price. As always, insider transactions are just one factor to consider, and these filings are reported after the trades occur.
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