Chindata Group (NASDAQ:CD) Insider Wilfred Zhongkei Daye Sells 4,000 Shares

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.66, for a total transaction of $38,640.00. Following the sale, the insider directly owned 75,765 shares in the company, valued at approximately $731,889.90. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was sold at an average price of $9.36, for a total transaction of $18,720.00.

Chindata Group Trading Up 3.3%

Shares of NASDAQ CD opened at $9.45 on Friday. Chindata Group Holdings Limited has a 12-month low of $1.38 and a 12-month high of $36.77. The firm’s 50-day moving average price is $5.36 and its 200-day moving average price is $6.07. The stock has a market capitalization of $750.71 million, a price-to-earnings ratio of -472.50 and a beta of 4.93.

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

Institutional Trading of Chindata Group

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. purchased a new stake in shares of Chindata Group in the fourth quarter worth approximately $354,000. State Street Corp purchased a new position in Chindata Group during the 4th quarter valued at $2,541,000. Geode Capital Management LLC purchased a new position in Chindata Group during the 4th quarter valued at $2,642,000. HRT Financial LP bought a new position in Chindata Group in the 4th quarter valued at $205,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Chindata Group in the 4th quarter valued at $45,000. 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 report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.