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 firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 75,765 shares in the company, valued at $731,889.90. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 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 shares were sold at an average price of $9.36, for a total transaction of $18,720.00.

Chindata Group Trading Up 3.3%

NASDAQ:CD traded up $0.30 during trading hours on Thursday, hitting $9.45. The stock had a trading volume of 151,622 shares, compared to its average volume of 108,968. Chindata Group Holdings Limited has a 1-year low of $1.38 and a 1-year high of $36.77. The business has a 50 day simple moving average of $5.36 and a two-hundred day simple moving average of $6.07. 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 issued 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

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in Chindata Group during the fourth quarter valued at $57,000. Wells Fargo & Company MN bought a new stake in Chindata Group during the fourth quarter valued at $226,000. CI Investments Inc. bought a new stake in Chindata Group during the fourth quarter valued at $84,000. Jane Street Group LLC bought a new stake in Chindata Group during the fourth quarter valued at $292,000. Finally, HRT Financial LP bought a new stake in Chindata Group during the fourth quarter valued at $205,000. 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 report on Saturday, March 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.