New insider activity at Verisign ( (VRSN) ) has taken place on February 20, 2025.
In recent transactions involving Verisign stock, Director Kathleen Cote has offloaded 3,000 shares, translating to a sale value of $690,000. Meanwhile, EVP – Technology & CSO Danny R McPherson has parted with 6,996 shares, resulting in a sale worth $1,611,958.
Recent Updates on VRSN stock
In recent developments for Verisign (VRSN), the company’s stock price target was raised due to positive financial performance and optimistic future outlook presented in their Q4 earnings call. Verisign reported a 4.3% year-over-year revenue growth for 2024, despite a decline in net income attributed to the absence of prior tax benefits. The company’s operational efficiency was highlighted by improvements in renewal rates and an increase in new registrations, although challenges remain in the domain name base due to downturns in the US and China markets. Analysts are optimistic about Verisign’s growth prospects, supported by new marketing strategies and substantial share repurchases, which led to the adjustment in price target as these factors are expected to drive 2025 upside.
More about Verisign
YTD Price Performance: 12.72%
Average Trading Volume: 714,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.87B
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