We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where Equinix, Inc. (NASDAQ:EQIX) stands against other most expensive stocks insiders are dumping in March.
After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.
As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.
What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.
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With each stock, we note the average price per share of these sales and the stock’s market capitalization.
A team of IT professionals working on a digital platform, indicating the company’s agile digital services.
Equinix, Inc. (NASDAQ:EQIX)
Market Capitalization: $81.88 billion
Equinix, Inc. (NASDAQ:EQIX), based in Redwood City, California, is one of the largest third-party data center providers globally. The company specializes in data center operations, offering services such as colocation, interconnection, and internet connectivity, all through a neutral platform that facilitates seamless data exchange between networks. With 268 data centers across 34 countries and 33.7 million square feet of space, Equinix operates on every major continent. Equinix (NASDAQ:EQIX) is also one of the 20 best data center stocks to buy according to billionaires.
In 2024, Equinix (NASDAQ:EQIX) reported revenue of $8.75 billion, a 7% increase from the previous year. However, net income attributable to common stockholders fell by 16% to $815 million. Adjusted EBITDA reached $4.1 billion, marking a 160 basis-point improvement year-over-year.
In March, eight insiders, including the president and CEO, and CFO, sold a total of $5.39 million worth of Equinix shares at an average price of $860.15 per share. The stock now trades at $841.22 per share, having dropped 10.78% year-to-date. Over the past 12 months, Equinix (NASDAQ:EQIX) returned 5.14% to its investors.
According to 19 analysts, the average rating for Equinix stock is “Buy,” reports StockAnalysis. The 12-month stock price target is $972.22, representing a potential upside of 15.56% from the latest price.
Overall, EQIX ranks 4th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of EQIX our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQIX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
