Insider Selling: Equinix (NASDAQ:EQIX) Insider Sells 1,333 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) insider Brandi Galvin Morandi sold 1,333 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $804.25, for a total value of $1,072,065.25. Following the completion of the transaction, the insider directly owned 9,551 shares in the company, valued at $7,681,391.75. The trade was a 12.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 3rd, Brandi Galvin Morandi sold 100 shares of Equinix stock. The stock was sold at an average price of $840.47, for a total value of $84,047.00.

Equinix Price Performance

EQIX traded down $17.58 on Tuesday, reaching $784.20. The stock had a trading volume of 496,784 shares, compared to its average volume of 538,161. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $953.41. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $77.00 billion, a price-to-earnings ratio of 71.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. The firm has a 50-day moving average of $765.68 and a 200-day moving average of $782.56.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $9.05 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Institutional Trading of Equinix

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC grew its position in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC raised its stake in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Equinix during the 2nd quarter valued at $284,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Equinix by 13.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,169 shares of the financial services provider’s stock worth $4,068,000 after buying an additional 612 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EQIX shares. HSBC set a $1,050.00 price objective on Equinix and gave the stock a “buy” rating in a report on Thursday, January 15th. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Morgan Stanley assumed coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. Finally, Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $959.64.

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.