On September 6, 2024, Scott Crenshaw, Executive Vice President, General Manager Digital Services at Equinix Inc (EQIX, Financial), sold 1,107 shares of the company. The transaction was executed at a price of $815.6 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 4 shares of Equinix Inc.
Equinix Inc operates as a global provider of data center services, facilitating interconnection between companies and their customers at strategic, high-demand locations. The company's platforms help businesses to scale operations and enable digital transformation.
Over the past year, Scott Crenshaw has sold a total of 3,158 shares of Equinix Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 45 insider sells and no insider buys over the past year.
The shares of Equinix Inc were trading at $815.6 on the day of the sale, giving the company a market cap of approximately $78.98 billion. The price-earnings ratio of the stock stands at 76.17, which is above the industry median of 16.74.
According to the GF Value, the intrinsic value of Equinix Inc's stock is estimated at $837.73, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.97.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
