Insider Selling: GDS (NASDAQ:GDS) VP Sells 10,000 Shares of Stock

GDS Holdings (NASDAQ:GDS) VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GDS Stock Performance

Shares of GDS stock opened at $33.48 on Thursday. GDS Holdings has a 12 month low of $25.47 and a 12 month high of $48.61. The company’s fifty day simple moving average is $40.25 and its 200-day simple moving average is $40.26. The firm has a market cap of $6.71 billion, a PE ratio of 21.32 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. During the same period in the previous year, the business earned $3.47 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts expect that GDS Holdings will post 5.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC acquired a new stake in GDS during the first quarter worth approximately $25,000. Assetmark Inc. grew its stake in GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares during the period. Leonteq Securities AG acquired a new stake in GDS in the fourth quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GDS has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. TD Cowen dropped their price objective on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Piper Sandler set a $36.00 price objective on GDS in a research note on Thursday, May 21st. Finally, Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and an average price target of $48.04.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.