Verisign (VRSN) Gets a Hold from J.P. Morgan

J.P. Morgan analyst Alexei Gogolev maintained a Hold rating on Verisign today and set a price target of $272.00.

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Gogolev covers the Technology sector, focusing on stocks such as Pegasystems, Autodesk, and Verisign. According to TipRanks, Gogolev has an average return of 6.4% and a 50.24% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verisign with a $276.00 average price target.

Based on Verisign’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $425.3 million and a net profit of $206.2 million. In comparison, last year the company earned a revenue of $395.4 million and had a net profit of $191.5 million

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRSN in relation to earlier this year. Last month, Thomas Indelicarto, the EVP, Gen Counsel & Secretary of VRSN sold 166.00 shares for a total of $36,393.84.