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

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.36, for a total transaction of $18,720.00. Following the sale, the insider directly owned 79,765 shares in the company, valued at approximately $746,600.40. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $9.33, for a total transaction of $18,660.00.
• On Wednesday, May 20th, Wilfred Zhongkei Daye sold 4,000 shares of Chindata Group stock. The stock was sold at an average price of $9.66, for a total transaction of $38,640.00.

Chindata Group Stock Up 3.3%

Shares of CD stock traded up $0.30 during mid-day trading on Thursday, hitting $9.45. 151,622 shares of the stock were exchanged, compared to its average volume of 108,968. The firm has a fifty day moving average of $5.36 and a 200 day moving average of $6.07. Chindata Group Holdings Limited has a 52-week low of $1.38 and a 52-week high of $36.77. The company 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 earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.51 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chindata Group has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Chindata Group in the 4th quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Chindata Group in the 4th quarter valued at about $45,000. New York State Common Retirement Fund acquired a new stake in Chindata Group in the 4th quarter valued at about $51,000. The Manufacturers Life Insurance Company acquired a new stake in Chindata Group in the 4th quarter valued at about $57,000. Finally, MetLife Investment Management LLC acquired a new stake in Chindata Group in the 4th quarter valued at about $76,000. 30.82% of the stock is owned by hedge funds and other institutional investors.

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.