GlobalData (LON:DATA) Shares Pass Below Fifty Day Moving Average - Here's Why

Key Points

• GlobalData Plc's stock price has fallen below its fifty-day moving average, trading at GBX 134 ($1.81) compared to the moving average of GBX 139.42 ($1.88).
• Analyst ratings remain positive, with three analysts rating it as a Buy and an average target price of GBX 227.50 despite a recent price downgrade by Deutsche Bank.
• Insider trading activity includes the sale of 536,428 shares by Graham Lilley, valued at approximately £767,092, indicating potential changes in the company's stock dynamics.

GlobalData Plc (LON:DATA - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 139.42 ($1.87) and traded as low as GBX 132 ($1.77). GlobalData shares last traded at GBX 134 ($1.80), with a volume of 650,181 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DATA. Shore Capital reaffirmed a "buy" rating on shares of GlobalData in a research note on Tuesday, July 15th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 260 price objective on shares of GlobalData in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on GlobalData from GBX 215 to GBX 195 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 227.50.

GlobalData Stock Up 1.1%

The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The firm has a fifty day simple moving average of GBX 138.65 and a 200-day simple moving average of GBX 155.90. The company has a market capitalization of £1.01 billion, a PE ratio of 3,608.11, a P/E/G ratio of 1.52 and a beta of 0.58.

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

Insider Transactions at GlobalData

In other GlobalData news, insider Graham Lilley sold 536,428 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of GBX 143, for a total transaction of £767,092.04. Company insiders own 63.66% of the company's stock.

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.