Equinix (NASDAQ:EQIX) Insider Sells $84,047.00 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Equinix Stock Down 0.4%

Shares of Equinix stock traded down $2.93 during trading hours on Tuesday, reaching $829.91. 433,992 shares of the company’s stock were exchanged, compared to its average volume of 586,374. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $797.55 and a two-hundred day moving average of $817.20. The stock has a market cap of $81.49 billion, a P/E ratio of 76.00, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. Equinix’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Institutional Trading of Equinix

Institutional investors have recently modified their holdings of the business. Activest Wealth Management grew its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the last quarter. Westside Investment Management Inc. boosted its position in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix during the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust boosted its position in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Finally, Abound Wealth Management lifted its position in Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EQIX shares. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research report on Tuesday. Morgan Stanley started coverage on shares of Equinix in a research note on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price objective on the stock. Guggenheim started coverage on shares of Equinix in a research note on Thursday, July 10th. They issued a “buy” rating and a $933.00 price objective on the stock. UBS Group decreased their price objective on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus price target of $960.76.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.