Key Points
- Insider Wilfred Zhongkei Daye sold 4,000 Chindata Group shares on May 20 at an average price of $9.66, worth about $38,640, reducing his holdings by roughly 5.01%.
- Daye also sold another 2,000 shares on May 21 and 2,000 shares on May 19, adding to the recent insider selling activity in the stock.
- Chindata Group recently reported a quarterly loss of $0.02 per share on just $0.51 million in revenue, while analysts currently have an average Sell rating on the stock.
Chindata Group Holdings Limited (NASDAQ:CD - Get Free Report) insider Wilfred Zhongkei Daye sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.33, for a total value of $18,660.00. Following the transaction, the insider owned 73,765 shares in the company, valued at approximately $688,227.45. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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 Chindata Group stock opened at $9.45 on Friday. The stock has a market cap 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 Holdings Limited has a 1-year low of $1.38 and a 1-year high of $36.77.
Chindata Group (NASDAQ:CD - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) EPS for the quarter. The company had revenue of $0.51 million during the quarter.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Chindata Group by 11.8% during the first quarter. Bank of America Corp DE now owns 35,834 shares of the company's stock worth $143,000 after purchasing an additional 3,792 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 worth $350,000 after acquiring an additional 7,060 shares during the period. Invesco Ltd. purchased a new stake in shares of Chindata Group during the fourth quarter worth $354,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Chindata Group during the fourth quarter worth $92,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Chindata Group during the fourth quarter worth $27,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Chindata Group from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Chindata Group has an average rating of "Sell".
Get Our Latest Analysis on Chindata Group
About Chindata Group
(
Get Free Report)
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.
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