Dupont Fabros Technology, Inc. (DFT) Files Form 4 Insider Selling : Christopher P. Eldredge Sells 5,964 Shares

Dupont Fabros Technology, Inc. (DFT): Christopher P. Eldredge , President and CEO of Dupont Fabros Technology, Inc. sold 5,964 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $46.00 per share for a total value of $274,344.00 , 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, James Warren Armstrong (Chief Accounting Officer) sold 2,844 shares at $42.21 per share price.On May 13, 2016, Jeffrey H Foster (Chief Financial Officer) sold 10,576 shares at $41.95 per share price.Also, 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.

DuPont Fabros Technology: On Thursday, Jun 9, 2016 heightened volatility was witnessed in DuPont Fabros Technology which led to swings in the share price. The shares opened for trading at $46.2 and hit $46.77 on the upside , eventually ending the session at $46.56, with a gain of 0.52% or 0.24 points. The heightened volatility saw the trading volume jump to 7,77,561 shares. The 52-week high of the share price is $46.77 and the company has a market cap of $3,465 M . The 52-week low of the share price is at $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 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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