Equinix Inc (NASDAQ:EQIX) disclosed that Chief Legal Officer Kurt Pletcher sold 813 shares of the company’s common stock on February 18, 2026, realizing roughly $774,048. The reported sale prices ranged from $932.9444 to $948.3 per share.
These sales followed Pletcher’s acquisition of Equinix stock on February 17, 2026, through the exercise of restricted stock units. The exercises resulted in the receipt of 229 shares, 389 shares, and 1,262 shares, each acquired at a price of $0 per share.
The transactions come while Equinix shares are trading near a 52-week high of $993 and have delivered a 19.8% year-to-date return. Separately, InvestingPro analysis included in the company data indicates Equinix appears overvalued at current prices, with the shares trading at a price-to-earnings ratio of 66.67.
On the operational front, Equinix reported fourth-quarter 2025 results that highlighted robust demand, particularly for AI-driven workloads. The company noted that while a large deal was deferred into the first quarter of 2026 - which led to some missed expectations for the quarter - it still achieved record bookings of $474 million, a 42% increase year over year. Monthly recurring revenue expanded by 10% compared with the same period a year earlier.
For fiscal 2026, Equinix issued revenue guidance in a range of $10.12 billion to $10.22 billion, above analysts’ consensus of $10.07 billion. Management also projected adjusted funds from operations per share to grow 10.5% in 2026, a marked increase from its prior guidance of 5%.
Analysts have responded to the results and outlook with a series of affirmation and target adjustments. Citizens reiterated a Market Outperform rating. Stifel raised its price target to $1,075 while maintaining a Buy rating, and TD Cowen lifted its target to $1,123 and kept a Buy rating. Scotiabank adjusted its target to $997 and sustained a Sector Outperform rating, citing Equinix’s backlog and planned new site openings.
InvestingPro additionally noted a corporate dividend track record, highlighting that Equinix has increased its dividend for nine consecutive years - one of the platform’s listed tips for subscribers.
Below is a concise recap of the notable items from the disclosed insider activity and company results.
- Insider transactions: 813 shares sold by the CLO on February 18, 2026; RSU exercises on February 17, 2026 totaling 1,880 shares received at $0 cost.
- Quarterly performance: Q4 2025 record bookings of $474 million, 42% year-over-year increase; monthly recurring revenue up 10% year over year.
- Guidance and valuation: 2026 revenue guided to $10.12B - $10.22B and AFFO per share growth guided to 10.5%; InvestingPro reports a P/E of 66.67.