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

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating on the stock in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, GlobalData presently has an average rating of “Moderate Buy” and an average target price of GBX 173.75.

GlobalData Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 62.52. The firm’s fifty day moving average price is GBX 79.90 and its two-hundred day moving average price is GBX 85.60. The stock has a market capitalization of £529.37 million, a PE ratio of 17.39, a PEG ratio of 1.52 and a beta of 0.72.

GlobalData announced that its board has approved a share repurchase program on Tuesday, June 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total transaction of £17,099,689.70. Corporate insiders own 61.72% 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.