Chindata Group (NASDAQ:CD) Releases Quarterly Earnings Results

Chindata Group (NASDAQ:CD) released its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

Chindata Group Stock Performance

Shares of NASDAQ:CD traded up $0.53 during mid-day trading on Friday, hitting $3.96. The stock had a trading volume of 351,566 shares, compared to its average volume of 194,206. The company’s 50 day moving average is $3.83 and its 200-day moving average is $5.04. Chindata Group has a 12-month low of $2.10 and a 12-month high of $36.77. The company has a market cap of $314.58 million, a PE ratio of -198.00 and a beta of 5.19.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Chindata Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Chindata Group has an average rating of “Sell”.

Insiders Place Their Bets

In other Chindata Group news, insider Wilfred Zhongkei Daye sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were 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 of the company’s stock, valued at $731,889.90. The trade was a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 8,000 shares of company stock worth $76,020. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new position in Chindata Group during the fourth quarter valued at $92,000. Barclays PLC acquired a new stake in Chindata Group during the 4th quarter worth about $318,000. Wells Fargo & Company MN acquired a new stake in Chindata Group during the 4th quarter worth about $226,000. CI Investments Inc. purchased a new position in Chindata Group during the 4th quarter valued at about $84,000. Finally, Jane Street Group LLC purchased a new position in Chindata Group during the 4th quarter valued at about $292,000. Hedge funds and other 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.