GlobalData (LON:DATA) Stock Price Down 0.9% – Here’s Why

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

Wall Street Analyst Weigh In

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

GlobalData Trading Down 2.1%

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 stock has a market capitalization of £527.98 million, a price-to-earnings ratio of 17.34, a PEG ratio of 1.52 and a beta of 0.72. The business has a 50 day simple moving average of GBX 79.99 and a 200-day simple moving average of GBX 85.46.

GlobalData announced that its board has approved a share buyback program on Tuesday, June 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at GlobalData

In other news, insider Michael Danson sold 20,117,282 shares of GlobalData 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. 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.