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

Shares of GlobalData Plc (LON:DATA - Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 70.10 and traded as low as GBX 64.78. GlobalData shares last traded at GBX 67, with a volume of 1,465,396 shares.

Analyst Upgrades and Downgrades

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

GlobalData Stock Performance

The company has a market cap of £438.68 million, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61. The stock has a 50-day moving average price of GBX 70.10 and a 200 day moving average price of GBX 82.47.

GlobalData (LON:DATA - Get Free Report) last announced its earnings results on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a net margin of 10.84% and a return on equity of 12.09%. As a group, analysts anticipate that GlobalData Plc will post 9.67 EPS for the current fiscal year.

GlobalData declared that its board has approved a stock buyback plan on Tuesday, June 23rd that authorizes the company to buy back 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, insider Michael Danson sold 20,117,282 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total value of £17,099,689.70. Insiders own 67.11% 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.

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