GlobalData (LON:DATA) Shares Down 0.9% – Should You Sell?

GlobalData Plc (LON:DATA)’s stock price dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 74.68 and last traded at GBX 76.50. 1,110,801 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 5,556,064 shares. The stock had previously closed at GBX 77.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 173.75.

GlobalData Stock Down 0.9%

The company has a debt-to-equity ratio of 62.52, a current ratio of 0.90 and a quick ratio of 0.61. The firm has a market capitalization of £529.37 million, a P/E ratio of 17.39, a P/E/G ratio of 1.52 and a beta of 0.72. The company’s 50-day simple moving average is GBX 79.90 and its two-hundred day simple moving average is GBX 85.60.

GlobalData announced that its Board of Directors has initiated a share repurchase plan on Tuesday, June 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at GlobalData

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. 61.72% of the stock is owned by company insiders.

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.