GlobalData (LON:DATA) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• GlobalData's stock price fell below its 50-day moving average of GBX 137.88, trading as low as GBX 130.38 on Monday.
• Despite the recent decline, Wall Street analysts maintain a consensus rating of "Buy" with an average price target of GBX 227.50.
• Insider Graham Lilley sold 536,428 shares of GlobalData stock at an average price of GBX 143, highlighting significant insider activity.

GlobalData Plc (LON:DATA - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 137.88 ($1.87) and traded as low as GBX 130.38 ($1.77). GlobalData shares last traded at GBX 135.50 ($1.84), with a volume of 1,032,750 shares.

Wall Street Analyst Weigh In

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

GlobalData Stock Up 0.7%

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 50-day simple moving average of GBX 138.26 and a 200-day simple moving average of GBX 152.91. The firm has a market capitalization of £1.14 billion, a PE ratio of 7,575.00, a P/E/G ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA - Get Free Report) last released its earnings results 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%. Analysts forecast that GlobalData Plc will post 9.6687774 EPS for the current year.

Insiders Place Their Bets

In other news, insider Graham Lilley sold 536,428 shares of GlobalData 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. Also, insider Peter Harkness sold 17,800 shares of GlobalData stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £26,700. Insiders sold 20,554,228 shares of company stock valued at $3,079,379,204 over the last ninety days. 63.66% of the stock is currently owned by insiders.

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.