Insider Selling: Chindata Group (NASDAQ:CD) Insider Sells $18,720.00 in Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of Chindata Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.36, for a total value of $18,720.00. Following the completion of the transaction, the insider directly owned 79,765 shares of the company’s stock, valued at approximately $746,600.40. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 value of $18,660.00.
• On Wednesday, May 20th, Wilfred Zhongkei Daye sold 4,000 shares of Chindata Group stock. The stock was sold at an average price of $9.66, for a total value of $38,640.00.

Chindata Group Price Performance

Shares of CD opened at $7.39 on Friday. The stock has a 50-day moving average of $5.42 and a 200-day moving average of $6.07. The company has a market cap of $587.06 million, a PE ratio of -369.50 and a beta of 4.93. Chindata Group Holdings Limited has a one year low of $1.38 and a one year high of $36.77.

Chindata Group (NASDAQ:CD) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $0.51 million during the quarter.

Hedge Funds Weigh In On Chindata Group

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC bought a new position in shares of Chindata Group during the 4th quarter worth approximately $2,642,000. State Street Corp bought a new position in shares of Chindata Group during the 4th quarter worth approximately $2,541,000. Goldman Sachs Group Inc. bought a new position in shares of Chindata Group during the 4th quarter worth approximately $533,000. Charles Schwab Investment Management Inc. bought a new position in shares of Chindata Group during the 4th quarter worth approximately $495,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Chindata Group by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 87,907 shares of the company’s stock worth $350,000 after buying an additional 7,060 shares in the last quarter. Institutional investors own 30.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Chindata Group

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.