Shares of Chindata Group Holdings Limited (NASDAQ:CD – Get Free Report) were down 7.8% on Thursday . The stock traded as low as $4.25 and last traded at $4.36. Approximately 218,217 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 219,240 shares. The stock had previously closed at $4.73.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Chindata Group from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Analysis on CD
Chindata Group Price Performance
Chindata Group (NASDAQ:CD – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.51 million for the quarter.
Insider Buying and Selling at Chindata Group
In other news, insider Wilfred Zhongkei Daye sold 4,000 shares of Chindata Group 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 transaction, the insider directly owned 75,765 shares of the company’s stock, valued at approximately $731,889.90. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 8,000 shares of company stock valued at $76,020. Company insiders own 5.50% of the company’s stock.
Institutional Investors Weigh In On Chindata Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew 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 during the period. Public Employees Retirement System of Ohio acquired a new position in Chindata Group in the fourth quarter valued at approximately $27,000. Bank of New York Mellon Corp lifted its stake in 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 buying an additional 7,060 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Chindata Group during the 4th quarter worth approximately $45,000. Finally, New York State Common Retirement Fund bought a new position in shares of Chindata Group during the 4th quarter worth approximately $51,000. Institutional investors own 30.82% of the company’s stock.
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.
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