Chindata Group (NASDAQ:CD) Insider Sells $38,640.00 in Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.66, for a total transaction of $38,640.00. Following the transaction, the insider directly owned 75,765 shares of the company’s stock, valued at approximately $731,889.90. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wilfred Zhongkei Daye also recently made the following trade(s):

• On Thursday, May 21st, Wilfred Zhongkei Daye sold 2,000 shares of Chindata Group stock. The stock was sold at an average price of $9.33, for a total transaction of $18,660.00.
• On Tuesday, May 19th, Wilfred Zhongkei Daye sold 2,000 shares of Chindata Group stock. The stock was sold at an average price of $9.36, for a total transaction of $18,720.00.

Chindata Group Price Performance

Chindata Group stock opened at $7.39 on Friday. The firm has a market cap of $587.06 million, a price-to-earnings ratio of -369.50 and a beta of 4.93. Chindata Group Holdings Limited has a fifty-two week low of $1.38 and a fifty-two week high of $36.77. The firm has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $6.07.

Chindata Group (NASDAQ:CD) last released its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.51 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Chindata Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Chindata Group during the fourth quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Chindata Group during the fourth quarter valued at about $45,000. New York State Common Retirement Fund acquired a new position in shares of Chindata Group during the fourth quarter valued at about $51,000. The Manufacturers Life Insurance Company acquired a new position in shares of Chindata Group during the fourth quarter valued at about $57,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Chindata Group during the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 30.82% of the company’s stock.

Chindata Group Company Profile

Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.