Equinix Insider Eric Schwartz Sells 12,035 Shares (EQIX)
Equinix (NASDAQ:EQIX) Insider Eric Schwartz sold 12,035 shares of Equinix stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $210.41, for a total value of $2,532,284.35. Following the sale, the insider now directly owns 6,426 shares in the company, valued at approximately $1,352,095. The sale was disclosed in a filing with the SEC, which is available at this link.
EQIX has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 31st. They now have a $245.00 price target on the stock, up previously from $230.00. Separately, analysts at Raymond James raised their price target on shares of Equinix from $240.00 to $248.00 in a research note on Thursday, July 31st. They now have a “strong-buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Equinix from $48.00 to $55.00 in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $220.15.
Shares of Equinix (NASDAQ:EQIX) traded down 0.52% on Tuesday, hitting $210.62. 459,515 shares of the company’s stock traded hands. Equinix has a one year low of $152.82 and a one year high of $220.85. The stock’s 50-day moving average is $211.4 and its 200-day moving average is $193.7. The company has a market cap of $10.812 billion and a P/E ratio of 76.13.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.59. The company had revenue of $605.16 million for the quarter, compared to the consensus estimate of $595.91 million. During the same quarter last year, the company posted ($0.58) earnings per share. Equinix’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that Equinix will post $2.98 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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