GlobalData (LON:DATA) Shares Down 5.4% - Time to Sell?

Key Points

• GlobalData's shares declined by 5.4%, reaching a last trading price of GBX 113 ($1.51) after closing at GBX 119.50 ($1.59).
• Despite the drop in stock price, four research analysts maintain a Buy rating for GlobalData, with a consensus price target of GBX 225.
• Insider selling activity was significant, with over 20 million shares sold in the last ninety days, highlighting potential concerns regarding insider confidence in the company's future performance.

GlobalData Plc (LON:DATA - Get Free Report) dropped 5.4% on Thursday . The company traded as low as GBX 112 ($1.49) and last traded at GBX 113 ($1.51). Approximately 3,249,238 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 2,172,137 shares. The stock had previously closed at GBX 119.50 ($1.59).

Analysts Set New Price Targets

A number of research analysts recently issued reports on DATA shares. Shore Capital restated a "buy" rating on shares of GlobalData in a report on Tuesday, July 15th. Peel Hunt restated a "buy" rating and set a GBX 245 price target on shares of GlobalData in a report on Monday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 260 price objective on shares of GlobalData in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on GlobalData from GBX 195 to GBX 170 and set a "buy" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 225.

GlobalData Trading Down 5.4%

The firm has a 50 day simple moving average of GBX 131.70 and a 200 day simple moving average of GBX 146.98. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16. The firm has a market capitalization of £806.23 million, a PE ratio of 56.50, a P/E/G ratio of 1.52 and a beta of 0.58.

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

Insider Activity

In other news, insider Peter Harkness sold 17,800 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £26,700. Also, insider Graham Lilley sold 536,428 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of GBX 143, for a total value of £767,092.04. Insiders have sold 20,563,734 shares of company stock valued at $3,080,805,104 in the last ninety days. 61.00% of the stock is currently owned by company insiders.

About GlobalData

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.

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