Chindata Group (NASDAQ:CD) Stock Price Down 8.5% – Here’s What Happened

Posted by Stanley Muller on May 29th, 2026

Chindata Group Holdings Limited (NASDAQ:CD – Get Free Report)’s stock price dropped 8.5% during trading on Friday . The stock traded as low as $7.95 and last traded at $7.95. Approximately 1,757 shares were traded during trading, a decline of 99% from the average daily volume of 136,658 shares. The stock had previously closed at $8.69.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

View Our Latest Report on Chindata Group

Chindata Group Stock Down 7.1%

The company has a market capitalization of $641.08 million, a price-to-earnings ratio of -403.50 and a beta of 4.93. The company has a 50 day simple moving average of $5.71 and a 200 day simple moving average of $6.06.

Chindata Group (NASDAQ:CD – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.51 million during the quarter.

Insider Activity

In other news, insider Wilfred Zhongkei Daye sold 4,000 shares of the stock in a transaction dated 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 owned 75,765 shares in the company, valued at approximately $731,889.90. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 8,000 shares of company stock valued at $76,020 in the last ninety days. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chindata Group

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in Chindata Group during the 4th quarter valued at approximately $2,642,000. State Street Corp acquired a new stake in Chindata Group during the 4th quarter valued at approximately $2,541,000. Goldman Sachs Group Inc. acquired a new stake in Chindata Group during the 4th quarter valued at approximately $533,000. Charles Schwab Investment Management Inc. acquired a new stake in Chindata Group during the 4th quarter valued at approximately $495,000. Finally, Nuveen LLC acquired a new stake in Chindata Group during the 4th quarter valued at approximately $408,000. Institutional investors and hedge funds own 30.82% of the company’s stock.

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.