Chindata Group (NASDAQ:CD) Announces Quarterly Earnings Results

Chindata Group (NASDAQ:CD) posted its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Chindata Group Stock Performance

Shares of CD traded up $0.53 during trading hours on Friday, hitting $3.96. 351,566 shares of the company were exchanged, compared to its average volume of 194,206. The company has a market cap of $314.58 million, a PE ratio of -198.00 and a beta of 5.19. The firm’s 50 day moving average is $3.80 and its 200-day moving average is $5.03. Chindata Group has a 52 week low of $2.10 and a 52 week high of $36.77.

Insider Buying and Selling at Chindata Group

In related news, insider Wilfred Zhongkei Daye sold 4,000 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 8,000 shares of company stock valued at $76,020. 5.50% of the stock is currently owned by company insiders.

Institutional Trading of Chindata Group

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of Chindata Group during the 4th quarter worth $2,642,000. State Street Corp bought a new stake in Chindata Group during the fourth quarter valued at about $2,541,000. Goldman Sachs Group Inc. bought a new stake in Chindata Group during the fourth quarter valued at about $533,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Chindata Group during the 4th quarter worth about $495,000. Finally, Nuveen LLC acquired a new position in shares of Chindata Group during the fourth quarter worth approximately $408,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chindata Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.