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 the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.33, for a total transaction of $18,660.00. Following the completion of the transaction, the insider directly owned 73,765 shares of the company’s stock, valued at approximately $688,227.45. This trade represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $9.66, for a total transaction of $38,640.00.
• 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 Price Performance

Chindata Group stock traded up $0.30 during mid-day trading on Thursday, reaching $9.45. The company 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 company has a market capitalization of $750.71 million, a P/E ratio of -472.50 and a beta of 4.93. The stock’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $6.07.

Chindata Group (NASDAQ:CD) last issued its earnings results 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 large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Chindata Group by 11.8% in the first quarter. Bank of America Corp DE now owns 35,834 shares of the company’s stock valued at $143,000 after purchasing an additional 3,792 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Chindata Group by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 87,907 shares of the company’s stock valued at $350,000 after purchasing an additional 7,060 shares during the last quarter. Invesco Ltd. acquired a new stake in Chindata Group during the fourth quarter worth approximately $354,000. Price T Rowe Associates Inc. MD acquired a new stake in Chindata Group during the fourth quarter worth approximately $92,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Chindata Group during the fourth quarter worth approximately $27,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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