Equinix, Inc. (EQIX) Insider Sells $988,200.00 in Stock
Equinix, Inc. (NASDAQ:EQIX) insider Charles J. Meyers sold 2,196 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $450.00, for a total value of $988,200.00. Following the completion of the sale, the insider now owns 1,844 shares of the company’s stock, valued at $829,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Equinix, Inc. (EQIX) opened at $437.35 on Friday. Equinix, Inc. has a 52-week low of $361.90 and a 52-week high of $495.35. The company has a market capitalization of $34,215.64, a price-to-earnings ratio of 24.60, a PEG ratio of 1.51 and a beta of 0.42. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.
A number of research firms have recently issued reports on EQIX. Berenberg Bank restated a “buy” rating and issued a $550.00 price target on shares of Equinix in a research report on Friday, November 3rd. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target for the company in a research report on Monday, November 6th. Cowen reiterated a “buy” rating and issued a $482.00 price objective on shares of Equinix in a research report on Friday, November 10th. Oppenheimer increased their price objective on Equinix from $472.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley increased their price objective on Equinix from $424.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company’s stock. Equinix presently has an average rating of “Buy” and a consensus target price of $504.29.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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