Insider Selling: Chindata Group (NASDAQ:CD) Insider Sells 4,000 Shares of Stock

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.66, for a total transaction of $38,640.00. Following the completion of the transaction, the insider owned 75,765 shares in the company, valued at approximately $731,889.90. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $9.33, for a total transaction of $18,660.00.
• 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

NASDAQ:CD traded up $0.30 on Thursday, reaching $9.45. The stock had a trading volume of 151,622 shares, compared to its average volume of 108,968. The company has a market cap of $750.71 million, a price-to-earnings ratio of -472.50 and a beta of 4.93. The firm’s fifty day moving average is $5.36 and its two-hundred day moving average is $6.07. Chindata Group Holdings Limited has a 12-month low of $1.38 and a 12-month high of $36.77.

Chindata Group (NASDAQ:CD) last released 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 for the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new position in shares of Chindata Group during the 4th quarter worth about $2,642,000. State Street Corp purchased a new position in Chindata Group in the fourth quarter valued at approximately $2,541,000. Goldman Sachs Group Inc. purchased a new position in Chindata Group in the fourth quarter valued at approximately $533,000. Charles Schwab Investment Management Inc. purchased a new position in Chindata Group in the fourth quarter valued at approximately $495,000. Finally, Bank of New York Mellon Corp raised its holdings in Chindata Group by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 87,907 shares of the company’s stock valued at $350,000 after buying an additional 7,060 shares during the period. 30.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Chindata Group 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.