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

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.36, for a total value of $18,720.00. Following the completion of the sale, the insider owned 79,765 shares in the company, valued at approximately $746,600.40. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $9.33, for a total value of $18,660.00.
• 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 value of $38,640.00.

Chindata Group Trading Up 3.3%

CD opened at $9.45 on Friday. Chindata Group Holdings Limited has a 1-year low of $1.38 and a 1-year high of $36.77. The stock’s fifty day simple moving average is $5.36 and its 200 day simple moving average is $6.07. The stock has a market cap of $750.71 million, a PE ratio of -472.50 and a beta of 4.93.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CD. Public Employees Retirement System of Ohio bought a new position in shares of Chindata Group in the fourth quarter worth $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Chindata Group in the fourth quarter worth $45,000. New York State Common Retirement Fund bought a new position in Chindata Group in the fourth quarter valued at about $51,000. The Manufacturers Life Insurance Company bought a new position in Chindata Group in the fourth quarter valued at about $57,000. Finally, MetLife Investment Management LLC bought a new position in Chindata Group in the fourth quarter valued at about $76,000. Institutional investors own 30.82% of the company’s stock.

Analyst Ratings Changes

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

About Chindata Group

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.