GlobalData (LON:DATA) Shares Down 18.3% – Here’s Why

GlobalData Plc (LON:DATA)’s stock price was down 18.3% on Monday . The company traded as low as GBX 52.61 and last traded at GBX 58.20. Approximately 43,619,836 shares changed hands during trading, an increase of 676% from the average daily volume of 5,622,517 shares. The stock had previously closed at GBX 71.20.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of GlobalData from GBX 135 to GBX 110 and set a “neutral” rating on the stock in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 173.75.

GlobalData Trading 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 has a market capitalization of £380.86 million, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The stock has a 50-day moving average price of GBX 79.10 and a two-hundred day moving average price of GBX 84.91.

GlobalData (LON:DATA) last issued its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 EPS for the quarter. GlobalData had a net margin of 10.28% and a return on equity of 9.94%. On average, research analysts forecast that GlobalData Plc will post 9.6687774 EPS for the current fiscal year.

GlobalData announced that its Board of Directors has authorized a stock buyback program on Tuesday, June 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at GlobalData

In other GlobalData 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 transaction of £17,099,689.70. Company insiders own 67.14% of the company’s stock.

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.