Verisign evp McPherson sells $989,482 of VRSN common stock

Danny R. McPherson, Executive Vice President of Technology and Chief Security Officer at Verisign Inc. (NASDAQ:VRSN), sold shares of the company’s common stock on October 26, 2026.

The transaction involved the sale of 3,256 shares at a price of $303.895 per share, for a total value of approximately $989,482. The sale occurred with the stock trading near its 52-week high of $312.48, following a strong 26% year-to-date gain. Following this sale, Mr. McPherson directly holds 30,548.4209 shares of Verisign common stock. The company’s shares currently trade at a P/E ratio of 32.82 with a market capitalization of $27.28 billion. According to InvestingPro analysis, Verisign appears overvalued relative to its Fair Value, placing it among stocks on the Most Overvalued list. Investors seeking deeper insights can access comprehensive analysis through Verisign’s Pro Research Report, one of 1,400+ available on InvestingPro, which transforms complex data into actionable intelligence.

In other recent news, Verisign reported its third-quarter results for 2026, revealing mixed financial performance. The company surpassed revenue expectations, bringing in $443 million, which marked a 5.7% increase from the previous year and exceeded the forecasted $440.59 million. However, Verisign’s earnings fell short of projections, with adjusted diluted earnings reported at $2.35 per share, below the anticipated $2.46 per share. This shortfall was attributed to higher expenses and a one-time operating loss impacting profitability. Despite the revenue growth, the earnings miss has drawn attention from investors and analysts. The results highlight the ongoing challenges the company faces in managing its expenses while striving for profitability. These developments are crucial for stakeholders as they assess Verisign’s financial health and future prospects.