In this past month Verisign, Inc. (NASDAQ:VRSN) has seen an insider buy shares; Berkshire increased its stake in the Internet registry services company to a total of nearly 11 million shares between April and June. Verisign’s stock price had plunged last fall after regulators objected to the company’s price increases, but the shares have since recovered a bit and are now up slightly from their levels a year ago. Recent results show double-digit growth rates in both sales and net income, though some degree of growth is already priced in with a trailing P/E of 23. Billionaire Stephen Mandel’s Lone Pine Capital has been another significant shareholder in Verisign (see more stocks from Mandel’s portfolio).
Disclosure: I own no shares of any stocks mentioned in this article.