Insider Sale: EVP, GM Digital Services Scott Crenshaw Sells Shares of Equinix Inc (EQIX)

The transaction was executed at a price of $815.6 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 4 shares of Equinix Inc. Equinix Inc operates as a global provider of data center services, facilitating interconnection between companies and their customers at strategic, high-demand locations.

On September 6, 2024, , Executive Vice President, General Manager Digital Services at Equinix Inc ( ), sold 1,107 shares of the company. The transaction was executed at a price of $815.6 per share, as detailed in the .

Following this transaction, the insider now owns 4 shares of Equinix Inc. Equinix Inc operates as a global provider of data center services, facilitating interconnection between companies and their customers at strategic, high-demand locations. The company's platforms help businesses to scale operations and enable digital transformation.

Over the past year, Scott Crenshaw has sold a total of 3,158 shares of Equinix Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 45 insider sells and no insider buys over the past year. The shares of Equinix Inc were trading at $815.

6 on the day of the sale, giving the company a of approximately $78.98 billion. The of the stock stands at 76.

17, which is above the industry median of 16.74. According to the , the intrinsic value of Equinix Inc's stock is estimated at $837.

73, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.97. The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, , , and , adjusted for the company's past performance and estimated future business outcomes.

This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment. This article first appeared on ..