Shares of Chindata Group Holdings Limited (NASDAQ:CD – Get Free Report) were down 1.6% on Thursday . The company traded as low as $3.13 and last traded at $3.15. 206,750 shares changed hands during trading, a decline of 50% from the average daily volume of 414,516 shares. The stock had previously closed at $3.20.
Analyst Ratings Changes
Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Chindata Group from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Chindata Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
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Chindata Group Stock Performance
Chindata Group (NASDAQ:CD – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $0.51 million during the quarter.
Insider Activity at Chindata Group
In other news, insider Wilfred Zhongkei Daye sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.66, for a total transaction of $38,640.00. Following the sale, the insider directly owned 75,765 shares in the company, valued at approximately $731,889.90. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 8,000 shares of company stock valued at $76,020. 5.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in shares of Chindata Group in the 4th quarter valued at approximately $79,000. Geode Capital Management LLC acquired a new stake in Chindata Group in the 4th quarter valued at $2,642,000. Intech Investment Management LLC acquired a new stake in Chindata Group in the 4th quarter valued at $81,000. Goldman Sachs Group Inc. acquired a new stake in Chindata Group in the 4th quarter valued at $533,000. Finally, Nuveen LLC bought a new stake in Chindata Group in the fourth quarter valued at $408,000. Institutional investors own 30.82% of the company’s stock.
Chindata Group Company Profile
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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