GlobalData (LON:DATA) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• GlobalData Plc's stock price has fallen below its 200-day moving average, trading at GBX 130 ($1.75) compared to the moving average of GBX 160.10 ($2.15).
• The company has a consensus "Buy" rating from analysts, with an average target price of GBX 227.50, despite recent downgrades from Deutsche Bank.
• Insider Graham Lilley sold over 536,000 shares of GlobalData at an average price of GBX 143, while corporate insiders own 66.45% of the stock.

GlobalData Plc (LON:DATA - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 160.10 ($2.17) and traded as low as GBX 130 ($1.76). GlobalData shares last traded at GBX 130 ($1.76), with a volume of 1,021,978 shares trading hands.

Analyst Upgrades and Downgrades

DATA has been the topic of several recent research reports. 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. Berenberg Bank restated a "buy" rating and issued a GBX 260 price target on shares of GlobalData in a research report on Tuesday, August 5th. Finally, Shore Capital restated a "buy" rating on shares of GlobalData in a research report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 227.50.

GlobalData Trading Up 4.3%

The company has a fifty day simple moving average of GBX 140.92 and a two-hundred day simple moving average of GBX 159.22. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The stock has a market capitalization of £1.08 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA - Get Free Report) last posted its 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%. On average, sell-side analysts expect that GlobalData Plc will post 9.6687774 earnings per share for the current year.

Insider Activity

In other GlobalData news, insider Graham Lilley sold 536,428 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of GBX 143, for a total transaction of £767,092.04. Corporate insiders own 66.45% 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.