Equinix (NASDAQ:EQIX) Insider Brandi Galvin Morandi Sells 3,726 Shares

Equinix, Inc. (NASDAQ:EQIX) insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brandi Galvin Morandi also recently made the following trade(s):

• On Wednesday, April 8th, Brandi Galvin Morandi sold 424 shares of Equinix stock. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00.
• On Thursday, March 12th, Brandi Galvin Morandi sold 630 shares of Equinix stock. The shares were sold at an average price of $961.19, for a total transaction of $605,549.70.

Equinix Stock Down 1.7%

Shares of EQIX opened at $1,062.74 on Tuesday. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The firm has a market cap of $104.81 billion, a P/E ratio of 73.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The firm’s 50-day simple moving average is $1,060.35 and its 200 day simple moving average is $916.55. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $9.67 EPS. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s dividend payout ratio is 142.84%.

Institutional Trading of Equinix

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SJS Investment Consulting Inc. lifted its holdings in shares of Equinix by 27.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares during the period. Avion Wealth lifted its holdings in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares during the period. Blue Trust Inc. lifted its holdings in shares of Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 12 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 12 shares during the period. Finally, Front Row Advisors LLC lifted its holdings in shares of Equinix by 0.4% during the 1st quarter. Front Row Advisors LLC now owns 3,317 shares of the financial services provider’s stock worth $3,251,000 after acquiring an additional 12 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. BMO Capital Markets boosted their price objective on shares of Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Guggenheim reissued a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a report on Wednesday, May 20th. Finally, TD Cowen boosted their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.