Verisign's 15-min chart triggers KDJ Golden Cross, bullish Marubozu formation detected.

Based on Verisign's 15-minute chart, a KDJ Golden Cross and a Bullish Marubozu pattern emerged on August 28, 2025, at 11:15. This indicates a shift in the momentum of the stock price towards the upside, suggesting potential for further growth. The buyers' control over the market is evident, and it is likely that bullish momentum will continue.

VeriSign, Inc. (NASDAQ: VRSN) has experienced a notable increase in its stock holdings by Redwood Investment Management LLC, with the firm boosting its stake by 10.6% as of its latest SEC filing. This move comes amidst a positive earnings report and a significant stock buyback plan approved by the company's board. Furthermore, recent technical indicators suggest a bullish momentum shift in the stock's price.

Increased Stake by Redwood Investment Management LLC

Redwood Investment Management LLC, a prominent investment management firm, increased its stake in VeriSign by purchasing an additional 1,909 shares, bringing its total holdings to 19,846 shares valued at approximately $5.04 million [1]. This move follows a quarterly earnings report where VeriSign reported an earnings per share (EPS) of $2.21, slightly above analysts' expectations. Additionally, the company has announced a quarterly dividend of $0.77 per share to be paid on August 27th, reflecting a $3.08 annualized dividend and a yield of 1.2% [1].

VeriSign's Stock Buyback Plan

VeriSign's board of directors approved a $1.11 billion stock buyback plan, indicating their belief that the company's shares are undervalued. This plan authorizes the repurchase of up to 4.1% of the company's shares through open market purchases [1]. The stock buyback plan is a strategic move that can boost earnings per share by reducing the number of outstanding shares, potentially leading to increased stock price appreciation.

Bullish Technical Indicators

According to the latest financial data, VeriSign's 15-minute chart indicates a KDJ Golden Cross and a Bullish Marubozu pattern on August 28, 2025, at 11:15. These technical indicators suggest a shift in the stock's momentum towards the upside, signaling potential for further growth. The KDJ Golden Cross, a bullish signal, occurs when the K line crosses above the D line, indicating a potential trend reversal. The Bullish Marubozu pattern, characterized by a large body with no shadows, suggests strong buying pressure and a potential continuation of the uptrend [2].

Analyst Ratings and Market Performance

VeriSign currently has a consensus rating of "Buy" among analysts, with an average target price of $277.50. Several analysts have upgraded their ratings and price targets, reflecting a positive outlook on the company's prospects. For instance, Robert W. Baird increased its price target to $305.00 and gave the stock an "outperform" rating [1]. Additionally, the stock's market cap stands at $24.88 billion, with a P/E ratio of 31.79 and a beta of 0.78, indicating moderate risk and growth potential [1].

Conclusion

VeriSign's increased stake by Redwood Investment Management LLC, along with its positive earnings report, stock buyback plan, and bullish technical indicators, suggest a potential for further growth in the company's stock price. While the stock's valuation metrics indicate a moderate level of risk, the positive fundamentals and technical signals provide a compelling case for investors to consider VeriSign as a potential investment opportunity.

References

[1] https://www.marketbeat.com/instant-alerts/filing-redwood-investment-management-llc-boosts-stake-in-verisign-inc-vrsn-2025-08-26/
[2] https://www.marketbeat.com/instant-alerts/verisign-inc-vrsn-price-performance-2025-07-02/