Keith Taylor, the Chief Financial Officer of Equinix Inc (EQIX, Financial), sold 2,500 shares of the company on August 15, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 21,966 shares of Equinix Inc.
Equinix Inc operates as a global provider of data center services, facilitating interconnection between clients and their customers, partners, and employees. The company's platform offers a wide range of data center solutions including digital infrastructure services, colocation, and interconnection solutions.
Over the past year, Keith Taylor has sold a total of 10,777 shares of Equinix Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 43 insider sells and no insider buys over the same period.
On the date of the sale, shares of Equinix Inc were priced at $831.63. The company has a market cap of approximately $78.68 billion. The price-earnings ratio of the stock stands at 75.88, which is above the industry median of 16.835.
The GF Value of Equinix Inc is $835.04, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider activity and valuation metrics provide a snapshot of Equinix Inc's current financial landscape and insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
