Dupont Fabros Technology, Inc. (DFT) Files Form 4 Insider Selling : Jeffrey H Foster Sells 10,576 Shares

Dupont Fabros Technology, Inc. (DFT): Jeffrey H Foster , Chief Financial Officer of Dupont Fabros Technology, Inc. sold 10,576 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $41.95 per share for a total value of $443,642.06 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Richard A Jr Montfort (General Counsel) sold 14,442 shares at $41.92 per share price.On Feb 10, 2016, Michael A Coke (director) sold 5,000 shares at $34.07 per share price.Also, On Feb 10, 2016, Jeffrey H Foster (Chief Financial Officer) sold 1,947 shares at $33.75 per share price.On Feb 10, 2016, Scott A Davis (EVP & Chief Technology Officer) sold 22,594 shares at $33.03 per share price.

Shares of DuPont Fabros Technology (DFT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.42 points or -0.98% at $42.23 with 5,89,913 shares getting traded. Post opening the session at $42.6, the shares hit an intraday low of $42.03 and an intraday high of $42.6 and the price vacillated in this range throughout the day. The company has a market cap of $3,143 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 $42.98 and the 52-week low is $24.88.

DuPont Fabros Technology Money Flow Index Chart

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 is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $39 .The Rating was issued on Feb 16, 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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