Wilfred Zhongkei Daye Sells 4,000 Shares of Chindata Group (NASDAQ:CD) Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.66, for a total value of $38,640.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 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 value of $18,720.00.

Chindata Group Price Performance

Shares of CD opened at $7.39 on Friday. The firm has a market cap of $587.06 million, a P/E ratio of -369.50 and a beta of 4.93. The stock has a 50 day simple moving average of $5.42 and a two-hundred day simple moving average of $6.07. Chindata Group Holdings Limited has a 1 year low of $1.38 and a 1 year high of $36.77.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Chindata Group

A number of institutional investors have recently made changes to their positions in CD. State of Alaska Department of Revenue purchased a new stake in shares of Chindata Group during the fourth quarter valued at approximately $79,000. Geode Capital Management LLC purchased a new stake in shares of Chindata Group during the fourth quarter valued at approximately $2,642,000. Intech Investment Management LLC purchased a new stake in shares of Chindata Group during the fourth quarter valued at approximately $81,000. Goldman Sachs Group Inc. purchased a new stake in shares of Chindata Group during the fourth quarter valued at approximately $533,000. Finally, Nuveen LLC purchased a new stake in shares of Chindata Group during the fourth quarter valued at approximately $408,000. Hedge funds and other institutional investors 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.