GlobalData (LON:DATA) Insider Sells £17,099,689.70 in Stock

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

GlobalData Trading Up 0.8%

Shares of LON:DATA traded up GBX 0.68 during mid-day trading on Monday, hitting GBX 83.84. The stock had a trading volume of 1,141,831 shares, compared to its average volume of 2,663,721. The company’s 50 day moving average is GBX 81.46 and its 200-day moving average is GBX 86.79. GlobalData Plc has a 12-month low of GBX 60.60 and a 12-month high of GBX 154. 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 company has a market cap of £580.19 million, a PE ratio of 19.06, a P/E/G ratio of 1.52 and a beta of 0.72.

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

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 for the company in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 173.75.

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.