CFO Keith Taylor sells 2,500 shares of Equinix Inc (EQIX)

Keith Taylor, the Chief Financial Officer of Equinix Inc (NASDAQ:EQIX), sold 2,500 shares of the company on August 15, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 21,966 shares of Equinix Inc.

Equinix Inc. is a global data center services provider that enables customers to connect with their customers, partners and employees. The company’s platform offers a broad range of data center solutions, including digital infrastructure services, colocation and interconnection solutions.

Over the past year, Keith Taylor has sold a total of 10,777 shares of Equinix Inc. and made no purchases. This recent sale is part of a broader trend seen within the company. During the same period, there were 43 insider sales and no insider purchases.

On the day of the sale, Equinix Inc.’s stock price was $831.63. The company has a market capitalization of around $78.68 billion. The stock’s price-to-earnings ratio is 75.88, which is higher than the industry average of 16.835.

Equinix Inc.’s GF Value is $835.04, which indicates that the stock is fairly valued with a Price to GF Value ratio of 1. The GF Value is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business development estimates by analysts.

These insider activity and valuation metrics provide a snapshot of Equinix Inc.’s current financial landscape and insider sentiment.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.