GlobalData (LON:DATA) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATA)’s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 70.10 and traded as low as GBX 64.78. GlobalData shares last traded at GBX 67, with a volume of 1,465,396 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on DATA. Berenberg Bank decreased their target price on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft downgraded shares of GlobalData to a “buy” rating and increased their price target for the company from GBX 98 to GBX 170 in a report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. dropped their price target on GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 148.75.

GlobalData Trading Up 3.2%

The stock has a market cap of £438.68 million, a PE ratio of 13.96, a PEG ratio of 1.52 and a beta of 0.72. The company has a debt-to-equity ratio of 71.69, a quick ratio of 0.61 and a current ratio of 0.85. The stock has a fifty day moving average price of GBX 70.10 and a 200 day moving average price of GBX 82.47.

GlobalData (LON:DATA) last announced its earnings results on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a net margin of 10.84% and a return on equity of 12.09%. Equities analysts expect that GlobalData Plc will post 9.67 EPS for the current year.

GlobalData declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 23rd that permits the company to buy back 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total value of £17,099,689.70. 67.11% of the stock is owned by company insiders.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.