Brandi Morandi, the Chief Legal and Human Resources Officer of Equinix Inc (EQIX, Financial), executed a sale of 1,726 shares of the company on November 1, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 6,505 shares of the company.
Equinix Inc (EQIX, Financial) specializes in providing colocation space and related services to protect and connect the information assets for enterprises, financial services companies, and content and network providers. The company operates through a network of data centers across the globe, offering services that facilitate interconnection and traffic exchange between different companies.
Over the past year, Brandi Morandi has sold a total of 12,076 shares of Equinix Inc and has not made any purchases of the stock. The insider transaction history for Equinix Inc shows a total of 45 insider sells and no insider buys over the past year.
On the date of the latest transaction, shares of Equinix Inc were trading at $904.99, giving the company a market cap of approximately $86.45 billion. The price-earnings ratio of the stock stands at 80.79, which is above the industry median of 15.68.
The GF Value of Equinix Inc is estimated at $842.21, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.07. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale comes at a time when the stock valuation indicates a fair market position according to the GF Value, despite the high price-earnings ratio compared to the industry median.
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.
