GlobalData (LON:DATA) Trading Down 18.3% - What's Next?

Key Points

• GlobalData shares fell 18.3% to GBX 58.20, with trading volume surging 676% above the average session level.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of GBX 173.75; however, JPMorgan recently cut its target from GBX 135 to GBX 110 and rated the stock “Neutral.”
• Insider Michael Danson sold 20.1 million shares for approximately £17.1 million, while insiders collectively own 67.14% of the company.

GlobalData Plc (LON:DATA - Get Free Report)'s share price fell 18.3% on Monday . The stock traded as low as GBX 52.61 and last traded at GBX 58.20. 43,619,836 shares traded hands during trading, an increase of 676% from the average session volume of 5,622,517 shares. The stock had previously closed at GBX 71.20.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on GlobalData from GBX 135 to GBX 110 and set a "neutral" rating on the stock in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 173.75.

GlobalData Stock Down 18.3%

The company has a debt-to-equity ratio of 62.52, a quick ratio of 0.61 and a current ratio of 0.90. The stock's 50 day moving average price is GBX 79.10 and its 200-day moving average price is GBX 84.91. The company has a market cap of £380.86 million, a PE ratio of 13.23, a PEG ratio of 1.52 and a beta of 0.72.

GlobalData (LON:DATA - Get Free Report) last posted its quarterly earnings results on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a net margin of 10.28% and a return on equity of 9.94%. On average, analysts predict that GlobalData Plc will post 9.6687774 earnings per share for the current year.

GlobalData declared that its board has approved a stock buyback program on Tuesday, June 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at GlobalData

In related news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction dated Thursday, August 13th. The stock was 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.

About GlobalData

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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