How are energy investors positioned?
Jamie S. Gorelick, a director at Verisign Inc . (NASDAQ:VRSN), has purchased 60 shares of the company’s common stock. The shares were acquired at a price of $267.51 each, resulting in a total transaction value of $16,050. Following this transaction, Gorelick’s holdings amount to 21,375 shares, held indirectly through the Jamie S. Gorelick Revocable Trust. The transaction was executed on May 29, 2025, as reported in a recent SEC filing.The insider purchase comes as Verisign, currently valued at $25.54 billion, trades near its 52-week high of $288.95. According to InvestingPro analysis, the company maintains impressive gross profit margins of 88% and demonstrates consistently low price volatility. For investors seeking deeper insights, InvestingPro offers 14 additional exclusive tips and a comprehensive Pro Research Report covering Verisign’s financial health and market position.
In other recent news, VeriSign Inc. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $2.10, compared to the forecasted $2.07. The company also achieved a revenue of $402 million, slightly above the anticipated $396.52 million, marking a 4.7% increase year-over-year. Additionally, VeriSign initiated a quarterly cash dividend of $0.77 per share, signaling a new approach to returning capital to shareholders. Despite these positive developments, the company’s stock experienced a decline in aftermarket trading. The company continues to project revenue between $1.635 billion and $1.650 billion for the remainder of 2025. Analysts from Citigroup (NYSE:C) noted the company’s solid performance, while Baird highlighted the ongoing legal proceedings related to the .web top-level domain. VeriSign remains committed to its strategic initiatives, including domain services and innovation.
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