Dupont Fabros Technology, Inc. (DFT) Files Form 4 Insider Selling : Richard A Jr Montfort Sells 20,326 Shares

Dupont Fabros Technology, Inc. (DFT): Richard A Jr Montfort , General Counsel of Dupont Fabros Technology, Inc. sold 20,326 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $45.36 per share for a total value of $921,930.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Scott A Davis (EVP & Chief Technology Officer) sold 9,166 shares at $45.52 per share price.On Jun 14, 2016, Michael A Coke (director) sold 5,000 shares at $45.62 per share price.Also, On Jun 10, 2016, Christopher P. Eldredge (President and CEO) sold 5,964 shares at $46.00 per share price.On May 13, 2016, James Warren Armstrong (Chief Accounting Officer) sold 2,844 shares at $42.21 per share price.

Shares of DuPont Fabros Technology (DFT) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.85 points or -1.83% at $45.71 with 14,96,692 shares getting traded. Post opening the session at $46.3, the shares hit an intraday low of $45.54 and an intraday high of $46.64 and the price vacillated in this range throughout the day. The company has a market cap of $3,402 M and the number of outstanding shares has been calculated to be 7,44,21,485 shares. The 52-week high of DuPont Fabros Technology is $46.77 and the 52-week low is $24.88.

DuPont Fabros Technology Money Flow Index Chart

On Jun 2, 2016, DuPont Fabros Technology announced a cash dividend of $0.4700. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Company has been under the radar of several Street Analysts.DuPont Fabros Technology is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $37 .The Rating was issued on May 9, 2016.DuPont Fabros Technology is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.DuPont Fabros Technology is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 .The Rating was issued on Mar 22, 2016.

DuPont Fabros Technology Inc. is an owner developer operator and manager of enterprise-class carrier-neutral large multi-tenant wholesale data centers. The Company’s facilities are designed to offer specialized efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries such as technology Internet content providers media communications cloud-based healthcare and financial services. The Company’s 12 data centers are located in four major United States markets which total approximately three million gross square feet and approximately 266 megawatts of available critical load to power the servers and computing equipment of its customers.

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