GlobalData (LON:DATA) Insider Peter Harkness Sells 17,800 Shares

Key Points

• Peter Harkness, an insider at GlobalData Plc, sold 17,800 shares at an average price of GBX 150, totaling £26,700 on September 10th.
• GlobalData's stock has shown a 0.7% increase on the day of report, with current trading at GBX 151.50 and an average price target from analysts of GBX 227.50.
• Despite recent ratings, Deutsche Bank cut its price objective for GlobalData from GBX 215 to GBX 195 while maintaining a "buy" rating.

GlobalData Plc (LON:DATA - Get Free Report) insider Peter Harkness sold 17,800 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total transaction of £26,700.

GlobalData Stock Performance

Shares of LON:DATA remained flat at GBX 150 during midday trading on Wednesday. 7,020,929 shares of the stock traded hands, compared to its average volume of 2,169,960. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. GlobalData Plc has a 1-year low of GBX 128 and a 1-year high of GBX 217. The stock has a market cap of £1.13 billion, a P/E ratio of 7,500.00, a PEG ratio of 1.52 and a beta of 0.58. The company's 50-day moving average price is GBX 138.78 and its 200 day moving average price is GBX 152.61.

GlobalData (LON:DATA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 3 earnings per share for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. As a group, equities analysts expect that GlobalData Plc will post 9.6687774 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of GlobalData from GBX 215 to GBX 195 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 260 target price on shares of GlobalData in a research note on Tuesday, August 5th. Finally, Shore Capital reiterated a "buy" rating on shares of GlobalData in a report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, GlobalData has a consensus rating of "Buy" and a consensus target price of GBX 227.50.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world's largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers. One Platform Model GlobalData's One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.