Insider Trading Tue 12/31/24

Notable purchases -- Buffett adds to VRSN; notable sales -- CFO active in TOL

Buyers

• GCT Director / Head of BaaS Program bought 5,000 Class A Ordinary Shares at $17.50 worth approximately $88K.
• MCFT 10% owner Coliseum Capital bought 189,945 shares at $17.99 - $19.05 worth approximately $3.5 mln.
• QIPT Exec VP Operations bought 17,000 shares at $2.41 - $2.47 worth approximately $42K.
• PBF 10% owner Control Empresarial de Capitales S.A. de C.V. bought another 70,000 shares worth about $1.8 mln.
• VRSN 10% owner Warren Buffett's Berkshire Hathaway (BRK.A / BRK.B) bought 76,487 shares at $201.12 - $206.11 worth approx. $15.6 mln.

Sellers

• IBEX Director sold 11,199 shares at $21.95 - $21.96 worth approximately $246K.
• PVH EVP, General Counsel & Secretary sold 3,186 shares at $105.50 worth approximately $336K.
• RCAT Directors (2) sold 130,000 shares at $12.25 - $14.24 worth approximately $1.8 mln.
• TOL Chief Financial Officer sold 11,140 shares at $125.77 - $126.30 worth approximately $1.4 mln.

-= Verisign (VRSN) reported earnings on Thur 22 Jul 21 (a/h)

 

 VeriSign misses by $0.07, reports revs in-line 

• Reports Q2 (Jun) earnings of $1.31 per share, $0.07 worse than the two analyst estimate of $1.38; revenues rose 4.8% year/year to $329.4 mln vs the $328.16 mln S&P Capital IQ Consensus.

-= Verisign (VRSN) : discloses amendment to Department of Commerce cooperative agreement

• Disclosed an amendment, Amendment 35, to the Cooperative Agreement to the U.S. Department of Commerce; the amendment provides the co, which acts as a provider of domain name registry services and internet security, pricing flexibility to change its .com Registry Agreement with ICANN to increase its wholesale price for .com domain names by up to 7% for a specified period; amendment also confirms that co will operate the .com registry in a content neutral manner; upgraded to Neutral (from Underweight) at JP Morgan and to Outperform (from Neutral) at Robert W. Baird, which cites that the amended Cooperative Agreement removes legislative uncertainty for co in a favorable way and enables upside with little incremental cost, among other factors. 

(source)  U.S. Government Extends Its Cooperative Agreement With Verisign, Green Lights .Com Price Increase
By CircleID Reporter   Nov 01, 2018 3:00 PM PDT
NTIA released a statement today announcing the agreement reached to extend and modify Verisign's Cooperative Agreement. "These modifications are in line with policy priorities of the Trump Administration," reads the official statement. It further states: "The changes create a new commitment to content neutrality in the Domain Name System (DNS), provide market-based pricing flexibility, and reduce the regulatory burden on Verisign. ... The amendment repeals Obama-era price controls and provides Verisign the pricing flexibility to change its .com Registry Agreement with ICANN to increase wholesale .com prices. Specifically, the flexibility permits Verisign to pursue with ICANN an up to 7 percent increase in the prices for .com domain names, in each of the last four years of the six-year term of the .com Registry Agreement. The changes also affirm that Verisign may not vertically integrate or operate as a registrar in the .com top-level domain."

-=VeriSign (VRSN) reported earnings on Thur 25 Oct 2018 (a/h)

VeriSign beats by $0.04, reports revs in-line

• Reports Q3 (Sep) earnings of $1.23 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $1.19; revenues rose 4.6% year/year to $305.8 mln vs the $305.48 mln S&P Capital IQ Consensus.
• Verisign ended the third quarter with 151.7 million .com and .net domain name registrations in the domain name base, a 4.0 percent increase from the end of the third quarter of 2017, and a net increase of 1.99 million during the third quarter of 2018.