Chindata Group (NASDAQ:CD) Insider Wilfred Zhongkei Daye Sells 2,000 Shares

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.33, for a total value of $18,660.00. Following the completion of the sale, the insider owned 73,765 shares in the company, valued at approximately $688,227.45. The trade was a 2.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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.
• 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 Stock Up 3.3%

CD opened at $9.45 on Friday. The stock’s fifty day moving average is $5.36 and its two-hundred day moving average is $6.07. The company has a market capitalization of $750.71 million, a P/E ratio of -472.50 and a beta of 4.93. Chindata Group Holdings Limited has a 52 week low of $1.38 and a 52 week high of $36.77.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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 stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Chindata Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC purchased a new stake in Chindata Group during the 4th quarter worth approximately $2,642,000. State Street Corp acquired a new position in shares of Chindata Group during the 4th quarter worth approximately $2,541,000. Goldman Sachs Group Inc. acquired a new position in shares of Chindata Group during the 4th quarter worth approximately $533,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Chindata Group during the 4th quarter worth approximately $495,000. Finally, Nuveen LLC acquired a new position in shares of Chindata Group during the 4th quarter worth 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.