Equinix Insider Eric Schwartz Sells 1,535 Shares (EQIX)
Equinix (NASDAQ:EQIX) Insider Eric Schwartz sold 1,535 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $179.58, for a total transaction of $275,655.30. Following the completion of the transaction, the insider now directly owns 16,850 shares of the company’s stock, valued at approximately $3,025,923. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Equinix in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $200.00 price target on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Equinix from $220.00 to $200.00 in a research note to investors on Wednesday, December 4th. Finally, analysts at RBC Capital cut their price target on shares of Equinix from $227.00 to $200.00 in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $218.90.
Equinix (NASDAQ:EQIX) traded down 2.01% on Friday, hitting $175.87. The stock had a trading volume of 777,537 shares. Equinix has a 52-week low of $152.82 and a 52-week high of $231.56. The stock’s 50-day moving average is $171.8 and its 200-day moving average is $173.9. The company has a market cap of $8.715 billion and a price-to-earnings ratio of 89.65.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.14. The company had revenue of $540.50 million for the quarter, compared to the consensus estimate of $539.67 million. During the same quarter last year, the company posted $0.58 earnings per share. Equinix’s revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Equinix will post $1.64 earnings per share for the current fiscal year.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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