Equinix director Paisley sells $4.08m in stock
Director Christopher B. Paisley of data center company Equinix Inc. (EQIX) sold $4.08 million worth of common stock on August 3, 2026. He converted 4,000 shares of Equinix stock into an exchange fund, with each share valued at $1,019.28. The transaction price matched Equinix’s current trading price of $1,019.24. Equinix’s stock has gained 35% year-to-date, though it trades at a high P/E ratio of 65.7.
Paisley currently owns 13,859 shares directly and indirectly holds 618 shares total through trusts for his family members. InvestingPro suggests the stock is overvalued, but Mizuho still rates it as an Outperform with a potential 22% gain, despite regulatory hurdles in US data center construction. Wren House Infrastructure Management is close to acquiring a European data center stake, and Morgan Stanley warns of widening credit spreads tied to AI and data center financing.
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