Equinix CMO Sara Baack Sells 1,305 Shares (EQIX)
Equinix (NASDAQ:EQIX) CMO Sara Baack unloaded 1,305 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $218.00, for a total transaction of $284,490.00. Following the sale, the chief marketing officer now directly owns 3,029 shares of the company’s stock, valued at approximately $660,322. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $220.15.
Equinix (NASDAQ:EQIX) traded down 0.09% during mid-day trading on Wednesday, hitting $219.255. The stock had a trading volume of 546,404 shares. Equinix has a 52 week low of $152.82 and a 52 week high of $224.48. The stock has a 50-day moving average of $215.4 and a 200-day moving average of $198.6. The company has a market cap of $11.663 billion and a price-to-earnings ratio of 78.91.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.58) earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Equinix will post $2.99 EPS 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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