Insider Selling: Chindata Group (NASDAQ:CD) Insider Sells 2,000 Shares of Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.36, for a total transaction of $18,720.00. Following the sale, the insider owned 79,765 shares of the company’s stock, valued at $746,600.40. This represents a 2.45% decrease in their position. The sale 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 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 transaction of $38,640.00.

Chindata Group Stock Performance

Shares of NASDAQ CD traded up $0.30 during midday trading on Thursday, reaching $9.45. 151,622 shares of the stock were exchanged, compared to its average volume of 108,968. The company has a 50 day simple moving average of $5.36 and a 200 day simple moving average of $6.07. The stock 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 twelve month low of $1.38 and a twelve month high of $36.77.

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

Institutional Investors Weigh In On Chindata Group

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Chindata Group in the fourth quarter valued at $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Chindata Group in the fourth quarter valued at $45,000. New York State Common Retirement Fund acquired a new stake in shares of Chindata Group in the fourth quarter valued at $51,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Chindata Group in the fourth quarter valued at $57,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Chindata Group in the fourth quarter valued at $76,000. 30.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.