VNET Group (NASDAQ:VNET) Director David Lifeng Chen Sells 83,544 Shares
2026-03-26 06:46:46 ET
VNET Group, Inc. – Unsponsored ADR ( NASDAQ:VNET – Get Free Report ) Director David Lifeng Chen sold 83,544 shares of VNET Group stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $1.51, for a total transaction of $126,151.44. Following the completion of the sale, the director owned 334,164 shares of the company’s stock, valued at $504,587.64. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
VNET Group Stock Up 3.4%
VNET opened at $9.11 on Thursday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -31.41 and a beta of 0.01. The firm has a 50 day moving average price of $10.90 and a 200-day moving average price of $9.93. VNET Group, Inc. – Unsponsored ADR has a twelve month low of $4.65 and a twelve month high of $14.48. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 2.68.
VNET Group ( NASDAQ:VNET – Get Free Report ) last issued its earnings results on Monday, March 16th. The information technology services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $384.07 million during the quarter, compared to analysts’ expectations of $368.64 million. VNET Group had a positive return on equity of 1.36% and a negative net margin of 2.48%. Equities research analysts forecast that VNET Group, Inc. – Unsponsored ADR will post -0.06 earnings per share for the current year.
Analyst Ratings Changes
VNET has been the subject of several research analyst reports. Bank of America reaffirmed a “buy” rating on shares of VNET Group in a report on Monday, March 16th. Jefferies Financial Group reissued a “buy” rating and issued a $23.55 target price on shares of VNET Group in a research report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of VNET Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.08.
Get Our Latest Stock Report on VNET Group
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of VNET. Norges Bank bought a new stake in shares of VNET Group during the 2nd quarter valued at $54,199,000. Temasek Holdings Private Ltd raised its holdings in VNET Group by 988.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 3,253,150 shares of the information technology services provider’s stock worth $27,522,000 after purchasing an additional 2,954,350 shares during the period. BNP Paribas Financial Markets lifted its position in VNET Group by 674.8% during the second quarter. BNP Paribas Financial Markets now owns 3,343,088 shares of the information technology services provider’s stock valued at $23,067,000 after purchasing an additional 2,911,604 shares in the last quarter. Infini Capital Management Ltd lifted its position in VNET Group by 39.2% during the second quarter. Infini Capital Management Ltd now owns 9,758,083 shares of the information technology services provider’s stock valued at $67,331,000 after purchasing an additional 2,747,661 shares in the last quarter. Finally, Farallon Capital Management LLC grew its holdings in VNET Group by 83.3% during the third quarter. Farallon Capital Management LLC now owns 5,489,120 shares of the information technology services provider’s stock valued at $56,703,000 after purchasing an additional 2,495,000 shares during the period. Hedge funds and other institutional investors own 72.83% of the company’s stock.
VNET Group Company Profile
( Get Free Report )
VNET Group, Inc (NASDAQ: VNET) is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.
The company’s product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.
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