Equinix Inc (EQIX) Files Form 4 Insider Selling : Keith D Taylor Sells 2,500 Shares

Equinix Inc (EQIX): Keith D Taylor , Chief Financial Officer of Equinix Inc sold 2,500 shares on Sep 27, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $362.64 per share for a total value of $906,016.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Sara Baack (Chief Marketing Officer) sold 300 shares at $353.96 per share price.On Sep 6, 2016, Michael Earl Campbell (Chief Sales Officer) sold 740 shares at $369.58 per share price.Also, On Sep 6, 2016, Karl Strohmeyer (President, Americas) sold 2,143 shares at $370.11 per share price.On Sep 6, 2016, Charles J Meyers (Chief Operating Officer) sold 2,343 shares at $369.38 per share price.

Shares of Equinix Inc (EQIX) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.04% at $362.26 with 3,81,745 shares getting traded. Post opening the session at $364.66, the shares hit an intraday low of $361.285 and an intraday high of $364.66 and the price vacillated in this range throughout the day. The company has a market cap of $25,747 M and the number of outstanding shares has been calculated to be 7,10,74,567 shares. The 52-week high of Equinix Inc is $391.07 and the 52-week low is $255.45.

Equinix Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Equinix Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 420 from a previous price target of $390 .The Rating was issued on Aug 12, 2016.Equinix Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 429 from a previous price target of $382 .The Rating was issued on Aug 8, 2016.Equinix Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 15, 2016.Equinix Inc is Initiated by Goldman to Buy. The Rating was issued on Jul 5, 2016.

Equinix Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation interconnection solutions and managed IT infrastructure services. The Company’s colocation offerings include Cabinets Power and IBXflex. Cabinets allows customer for colocating networking server and storage equipment. Power is an element of increasing importance in customers’ colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Company’s interconnection solutions enable scalable reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services such as Equinix Professional Services which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.

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