GlobalData (LON:DATA) Shares Break Below Fifty Day Moving Average - Here's What Happened

Key Points

• GlobalData shares fell below their 50-day moving average, reaching GBX 58 versus the GBX 75.65 average, with 1.43 million shares traded.
• Analyst views remain broadly positive despite target changes: the stock has a “Moderate Buy” consensus and an average price target of GBX 148.75, well above its latest trading price.
• GlobalData reported quarterly EPS of GBX 2.70, while insider Michael Danson sold 20.1 million shares for approximately £17.1 million; insiders still own 67.14% of the company.

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 75.65 and traded as low as GBX 58. GlobalData shares last traded at GBX 58, with a volume of 1,428,881 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DATA shares. JPMorgan Chase & Co. reduced their price target on shares of GlobalData from GBX 110 to GBX 90 and set a "neutral" rating for the company in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft lowered shares of GlobalData to a "buy" rating and increased their price objective for the stock from GBX 98 to GBX 170 in a research note on Tuesday, September 15th. Finally, Berenberg Bank reduced their target price on shares of GlobalData from GBX 105 to GBX 90 and set a "buy" rating for the company in a report on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, GlobalData presently has a consensus rating of "Moderate Buy" and an average target price of GBX 148.75.

GlobalData Stock Performance

The stock has a market capitalization of £379.55 million, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The firm has a fifty day moving average of GBX 75.65 and a 200 day moving average of GBX 83.39. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61.

GlobalData (LON:DATA - Get Free Report) last released its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 EPS for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. On average, sell-side analysts anticipate that GlobalData Plc will post 9.6687774 earnings per share for the current fiscal year.

GlobalData declared that its board has initiated a stock repurchase plan on Tuesday, June 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at GlobalData

In related news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total transaction of £17,099,689.70. Company insiders own 67.14% of the company's stock.

GlobalData Company Profile

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what's coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world's largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth. Strategic Priorities GlobalData's four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.