On November 7, 2024, John Calys, Senior Vice President, Controller, and Chief Accounting Officer of VeriSign Inc (VRSN, Financial), sold 1,066 shares of the company. The transaction was executed at a price of $186.49 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 21,095 shares of VeriSign Inc.
VeriSign Inc, a global provider of domain name registry services and internet infrastructure, ensures the security, stability, and resiliency of key internet infrastructure and services, including the .com and .net domains. The company's registry services operate the authoritative directory of all .com, .net, .cc, .tv, and .name domain names, among others.
Over the past year, John Calys has engaged in the sale of 1,066 shares and has not purchased any shares. This recent sale continues a trend observed within VeriSign Inc, where insider activity has been predominantly in the form of sales. In the past year, there have been 31 insider sales and no insider buys.
Shares of VeriSign Inc were trading at $186.49 on the day of the sale, giving the company a market cap of approximately $17.64 billion. The price-earnings ratio of the stock stands at 21.34, which is below the industry median of 26.69 and also lower than the company's historical median.
According to the GF Value, the intrinsic value of VeriSign Inc is estimated at $233.80 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.8.
This valuation is supported by historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent transaction could be of interest to current and potential investors, providing insight into insider sentiment and potential future stock movements.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
