Michael Danson Sells 20,117,282 Shares of GlobalData (LON:DATA) Stock

GlobalData Plc (LON:DATA) insider Michael Danson sold 20,117,282 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total value of £17,099,689.70.

GlobalData Stock Up 0.8%

Shares of LON:DATA traded up GBX 0.68 during midday trading on Monday, reaching GBX 83.84. The company had a trading volume of 1,141,831 shares, compared to its average volume of 2,663,721. The stock has a market capitalization of £580.19 million, a P/E ratio of 19.06, a PEG ratio of 1.52 and a beta of 0.72. The stock’s fifty day moving average price is GBX 81.46 and its 200-day moving average price is GBX 86.79. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.90 and a quick ratio of 0.61. GlobalData Plc has a one year low of GBX 60.60 and a one year high of GBX 154.

GlobalData announced that its board has initiated a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

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.