Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
Verisign (NASDAQ:VRSN) Executive Vice President, General Counsel, and Secretary Thomas C. Indelicarto sold 501 shares of common stock on October 7, 2025, at a price of $270.87, for a total transaction value of $135,705. The $25 billion market cap company, which boasts impressive gross profit margins of 88%, has seen its stock rise 31% year-to-date. According to InvestingPro, while management has been actively buying back shares, the stock currently trades above its Fair Value. Following the transaction, Indelicarto directly owns 34,690.2718 shares of Verisign. Investors should note that the company is scheduled to report earnings on October 23, 2025. For deeper insights into Verisign’s financial health and detailed analysis, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, VeriSign Inc. announced the appointment of Matthew J. Desch to its board of directors, expanding the board’s size from seven to eight members. Desch is the current CEO of Iridium Communications Inc. Additionally, Berkshire Hathaway plans to reduce its stake in VeriSign through a $1.23 billion stock offering. The sale involves 4.3 million shares priced at $285 each, with all proceeds going to the selling stockholders, and is managed by J.P. Morgan Securities LLC. This move is intended to lower Berkshire Hathaway’s beneficial ownership of VeriSign below the 10% threshold, which would otherwise trigger additional regulatory obligations. Berkshire Hathaway has been a stockholder in VeriSign since 2012. The offering represents a significant discount to VeriSign’s previous closing price. The sale is expected to close soon, according to company statements.
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