Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 590 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $443.92, for a total value of $261,912.80. Following the completion of the transaction, the insider now directly owns 1,658 shares of the company’s stock, valued at approximately $736,019.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Earl Campbell also recently made the following trade(s):

  • On Friday, December 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The shares were sold at an average price of $462.43, for a total value of $92,486.00.
  • On Wednesday, November 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The shares were sold at an average price of $479.37, for a total value of $95,874.00.

Equinix, Inc. (NASDAQ EQIX) traded down $4.45 during trading hours on Thursday, hitting $437.45. The stock had a trading volume of 787,950 shares, compared to its average volume of 616,850. The company has a market capitalization of $34,570.00, a PE ratio of 142.03, a P/E/G ratio of 1.55 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix, Inc. has a 52 week low of $361.90 and a 52 week high of $495.35.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.95 earnings per share. equities analysts forecast that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Credit Suisse Group set a $524.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer boosted their price target on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Berenberg Bank assumed coverage on Equinix in a research note on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price target for the company. Finally, Citigroup lifted their target price on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $503.40.

Several large investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. grew its holdings in shares of Equinix by 77.2% during the fourth quarter. Fox Run Management L.L.C. now owns 1,595 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 695 shares during the last quarter. Westpac Banking Corp grew its holdings in shares of Equinix by 37.4% during the fourth quarter. Westpac Banking Corp now owns 34,489 shares of the financial services provider’s stock worth $15,631,000 after purchasing an additional 9,390 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Equinix by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 265,082 shares of the financial services provider’s stock worth $120,141,000 after purchasing an additional 13,241 shares during the last quarter. Spirit of America Management Corp NY grew its holdings in shares of Equinix by 22.4% during the fourth quarter. Spirit of America Management Corp NY now owns 4,100 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 750 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Equinix by 4.7% during the fourth quarter. National Pension Service now owns 74,064 shares of the financial services provider’s stock worth $33,567,000 after purchasing an additional 3,303 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

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Equinix Company Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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