Insider Selling: GDS (NASDAQ:GDS) VP Sells $352,500.00 in Stock

GDS Holdings (NASDAQ:GDS) VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

GDS Trading Down 3.6%

GDS opened at $32.56 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 20.74 and a beta of 0.39. The stock’s 50 day moving average price is $39.94 and its 200-day moving average price is $40.22. GDS Holdings has a one year low of $25.47 and a one year high of $48.61.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The firm had revenue of $426.13 million during the quarter, compared to analyst estimates of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.47 earnings per share. On average, equities analysts forecast that GDS Holdings will post 5.65 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on GDS shares. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. TD Cowen lowered their price target on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.04.

Institutional Trading of GDS

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new stake in GDS during the first quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the first quarter worth $25,000. Assetmark Inc. lifted its holdings in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after buying an additional 629 shares during the period. Leonteq Securities AG purchased a new stake in GDS during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. lifted its holdings in GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.