Brandi Galvin Morandi Sells 1,333 Shares of Equinix (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) insider Brandi Galvin Morandi sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the sale, the insider owned 9,551 shares of the company’s stock, valued at $7,681,391.75. This trade represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Brandi Galvin Morandi also recently made the following trade(s):

• On Monday, November 3rd, Brandi Galvin Morandi sold 100 shares of Equinix stock. The shares were sold at an average price of $840.47, for a total value of $84,047.00.

Equinix Price Performance

Shares of EQIX traded down $17.58 during mid-day trading on Tuesday, reaching $784.20. The stock had a trading volume of 496,784 shares, compared to its average volume of 538,161. The firm has a market cap of $77.00 billion, a price-to-earnings ratio of 71.81, a PEG ratio of 1.25 and a beta of 1.05. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $953.41. The business has a fifty day moving average of $765.68 and a 200 day moving average of $782.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the firm earned $9.05 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Truist Financial upped their price objective on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Finally, Barclays reaffirmed a “positive” rating and set a $870.00 target price on shares of Equinix in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $959.64.

Institutional Trading of Equinix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its holdings in shares of Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 12 shares during the period. Whittier Trust Co. grew its holdings in Equinix by 1.3% in the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC raised its position in Equinix by 10.9% during the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 13 shares during the last quarter. Flputnam Investment Management Co. grew its holdings in Equinix by 1.0% during the 3rd quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 13 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.