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 company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.36, for a total value of $18,720.00. Following the completion of the sale, the insider owned 79,765 shares in the company, valued at $746,600.40. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value 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 value of $38,640.00.

Chindata Group Stock Down 21.8%

Chindata Group stock opened at $7.39 on Friday. The company has a market capitalization of $587.06 million, a P/E ratio of -369.50 and a beta of 4.93. The stock’s 50 day moving average is $5.42 and its 200 day moving average is $6.07. Chindata Group Holdings Limited has a twelve month low of $1.38 and a twelve month high of $36.77.

Chindata Group (NASDAQ:CD) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) EPS for the quarter. The business had revenue of $0.51 million during the quarter.

Institutional Trading of Chindata Group

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Chindata Group during the 4th quarter valued at $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in Chindata Group in the 4th quarter worth $45,000. New York State Common Retirement Fund bought a new position in Chindata Group in the 4th quarter worth $51,000. The Manufacturers Life Insurance Company bought a new position in Chindata Group in the 4th quarter worth $57,000. Finally, MetLife Investment Management LLC bought a new position in Chindata Group in the 4th quarter worth $76,000. 30.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, Based on data from 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.