Globant S.A. (NYSE:GLOB) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in Globant S.A. (NYSE:GLOB - Free Report) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,664 shares of the information technology services provider's stock after selling 3,411 shares during the quarter. Blair William & Co. IL owned about 0.06% of Globant worth $5,288,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Centricity Wealth Management LLC purchased a new position in shares of Globant in the fourth quarter worth $38,000. Kestra Investment Management LLC purchased a new position in Globant in the 4th quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new position in Globant in the 3rd quarter worth $40,000. Van Berkom & Associates Inc. acquired a new stake in Globant during the 4th quarter worth about $45,000. Finally, Promus Capital LLC purchased a new stake in Globant during the 4th quarter valued at about $64,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group decreased their price target on Globant from $217.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group decreased their target price on shares of Globant from $205.00 to $165.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Needham & Company LLC restated a "buy" rating and set a $220.00 price target on shares of Globant in a research report on Wednesday, March 12th. Scotiabank cut their price objective on shares of Globant from $220.00 to $170.00 and set a "sector perform" rating for the company in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Globant from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $216.56.

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Globant Stock Down 4.7 %

GLOB traded down $4.92 during trading on Friday, reaching $100.14. The company's stock had a trading volume of 1,641,770 shares, compared to its average volume of 572,090. The firm has a fifty day simple moving average of $164.90 and a two-hundred day simple moving average of $197.37. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.38 and a beta of 1.47. Globant S.A. has a 1 year low of $96.93 and a 1 year high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.39). The company had revenue of $642.48 million during the quarter, compared to analysts' expectations of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. As a group, equities analysts forecast that Globant S.A. will post 5.73 EPS for the current fiscal year.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.