On October 25, 2024, Brandi Morandi, Chief Legal and Human Resources Officer of Equinix Inc (EQIX, Financial), sold 863 shares of the company. Following this transaction, the insider now owns 8,231 shares of Equinix Inc. Details of the sale can be found in the SEC Filing.
Equinix Inc operates as a global provider of data center services, enabling its customers to protect critical data, optimize network connectivity, and scale their IT operations. The company's platform of high-performance data centers contains dynamic ecosystems and offers wide-ranging interconnection solutions.
Over the past year, Brandi Morandi has sold a total of 14,267 shares of Equinix Inc and has not made any purchases. The insider transaction history for Equinix Inc shows a total of 47 insider sells and no insider buys over the past year.
Shares of Equinix Inc were trading at $915 on the day of the transaction, giving the company a market cap of approximately $86.65 billion. The price-earnings ratio of the company stands at 83.57, which is above the industry median of 15.42.
The stock's valuation according to the GF Value is $844.58, resulting in a price-to-GF-Value ratio of 1.08, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and actions within the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
