Chindata Group (NASDAQ:CD) Trading Up 0.3% – What’s Next?

Shares of Chindata Group Holdings Limited (NASDAQ:CD) traded up 0.3% during mid-day trading on Thursday . The stock traded as high as $3.13 and last traded at $3.05. Approximately 109,047 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 155,605 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Chindata Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Chindata Group Price Performance

The stock has a market capitalization of $242.29 million, a PE ratio of -152.50 and a beta of 5.19. The company’s 50 day moving average price is $4.32 and its two-hundred day moving average price is $5.12.

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

Insider Activity

In related news, insider Wilfred Zhongkei Daye sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.66, for a total value of $38,640.00. Following the completion of the sale, the insider owned 75,765 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 8,000 shares of company stock valued at $76,020 in the last ninety days. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CD. The Manufacturers Life Insurance Company acquired a new position in Chindata Group in the 4th quarter valued at about $57,000. Wells Fargo & Company MN purchased a new stake in shares of Chindata Group during the 4th quarter valued at approximately $226,000. CI Investments Inc. acquired a new position in Chindata Group in the fourth quarter valued at approximately $84,000. Jane Street Group LLC purchased a new position in Chindata Group in the fourth quarter worth approximately $292,000. Finally, HRT Financial LP purchased a new position in Chindata Group in the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 30.82% of the company’s stock.

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.