Chindata Group (NASDAQ:CD) Posts Earnings Results

Key Points

• Chindata Group reported a quarterly loss of $0.01 per share, while its stock rose 15.5% to $3.96 in Friday trading.
• Insiders sold 8,000 shares worth approximately $76,020 over the past quarter, while institutional investors and hedge funds own 30.82% of the company.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, and the stock’s average analyst rating is “Sell.”

Chindata Group (NASDAQ:CD - Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

Chindata Group Stock Up 15.5%

NASDAQ CD traded up $0.53 on Friday, hitting $3.96. The stock had a trading volume of 351,566 shares, compared to its average volume of 194,206. Chindata Group has a one year low of $2.10 and a one year high of $36.77. The stock has a market cap of $314.58 million, a price-to-earnings ratio of -198.00 and a beta of 5.19. The company's 50-day moving average is $3.83 and its two-hundred day moving average is $5.04.

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 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 owned 75,765 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $76,020 over the last quarter. Insiders own 5.50% of the company's stock.

Institutional Trading of Chindata Group

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Chindata Group during the 4th quarter worth $27,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Chindata Group during the fourth quarter valued at $45,000. New York State Common Retirement Fund bought a new stake in shares of Chindata Group during the fourth quarter valued at about $51,000. The Manufacturers Life Insurance Company bought a new stake in shares of Chindata Group during the fourth quarter valued at about $57,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Chindata Group during the fourth quarter valued at about $76,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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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