Chindata Group (NASDAQ:CD) Insider Sells $18,660.00 in Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.33, for a total transaction of $18,660.00. Following the completion of the sale, the insider directly owned 73,765 shares of the company’s stock, valued at approximately $688,227.45. This trade represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $9.66, for a total transaction of $38,640.00.
• On Tuesday, May 19th, Wilfred Zhongkei Daye sold 2,000 shares of Chindata Group stock. The shares were sold at an average price of $9.36, for a total transaction of $18,720.00.

Chindata Group Price Performance

Shares of NASDAQ:CD traded up $0.30 on Thursday, reaching $9.45. The company’s stock had a trading volume of 151,622 shares, compared to its average volume of 108,968. The stock’s 50-day moving average is $5.36 and its two-hundred day moving average is $6.07. Chindata Group Holdings Limited has a 52-week low of $1.38 and a 52-week high of $36.77. 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 (NASDAQ:CD) last announced its earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $0.51 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CD. Public Employees Retirement System of Ohio acquired a new position in shares of Chindata Group during the fourth quarter worth about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Chindata Group in the fourth quarter valued at $45,000. New York State Common Retirement Fund acquired a new stake in Chindata Group in the fourth quarter valued at $51,000. The Manufacturers Life Insurance Company acquired a new position in shares of Chindata Group during the 4th quarter worth $57,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Chindata Group during the 4th quarter worth $76,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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