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

Chindata Group Holdings Limited (NASDAQ:CD) insider Wilfred Zhongkei Daye sold 2,000 shares of Chindata Group stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.33, for a total value of $18,660.00. Following the completion of the transaction, the insider owned 73,765 shares of the company’s stock, valued at approximately $688,227.45. This represents a 2.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wilfred Zhongkei Daye also recently made the following trade(s):

• 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 value of $38,640.00.
• 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 value of $18,720.00.

Chindata Group Price Performance

Shares of NASDAQ CD opened at $7.39 on Friday. The company has a market cap of $587.06 million, a P/E ratio of -369.50 and a beta of 4.93. Chindata Group Holdings Limited has a 1 year low of $1.38 and a 1 year high of $36.77. The firm has a 50-day simple moving average of $5.42 and a two-hundred day simple moving average of $6.07.

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 business had revenue of $0.51 million for the quarter.

Institutional Trading of Chindata Group

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in Chindata Group in the fourth quarter worth about $2,642,000. State Street Corp bought a new stake in Chindata Group in the fourth quarter worth about $2,541,000. Goldman Sachs Group Inc. bought a new stake in shares of Chindata Group during the fourth quarter valued at approximately $533,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Chindata Group during the fourth quarter valued at approximately $495,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Chindata Group by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 87,907 shares of the company’s stock valued at $350,000 after acquiring an additional 7,060 shares in the last quarter. Institutional investors own 30.82% of the company’s stock.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.