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

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 Stock Down 0.3 %

NASDAQ:VRSN opened at $209.00 on Wednesday. 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 $20.08 billion, a PE ratio of 24.30 and a beta of 0.89. The business’s 50 day moving average is $194.90 and its two-hundred day moving average is $186.16.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

Institutional Investors Weigh In On VeriSign

Hedge funds have recently modified their holdings of the business. Empirical Finance LLC raised its position in VeriSign by 1.9% during the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after acquiring an additional 57 shares in the last quarter. West Family Investments Inc. lifted its stake in shares of VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock valued at $292,000 after acquiring an additional 57 shares during the last quarter. Gateway Advisory LLC grew its holdings in shares of VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after purchasing an additional 81 shares during the last quarter. Profund Advisors LLC lifted its holdings in VeriSign by 4.8% during the 2nd quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock worth $319,000 after buying an additional 82 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in VeriSign by 6.5% in the third quarter. Sivia Capital Partners LLC now owns 1,363 shares of the information services provider’s stock valued at $259,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Citigroup raised 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 upgraded VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction on 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 owns 26,157 shares in the company, valued at $5,033,391.51. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

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

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.