Future Fund LLC Sells 3,042 Shares of Globant S.A. (NYSE:GLOB)

Future Fund LLC lowered its position in shares of Globant S.A. (NYSE:GLOB - Free Report) by 62.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,826 shares of the information technology services provider's stock after selling 3,042 shares during the quarter. Future Fund LLC's holdings in Globant were worth $392,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new position in Globant during the fourth quarter worth $38,000. Kestra Investment Management LLC bought a new position in shares of Globant in the 4th quarter worth about $38,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Globant in the 3rd quarter valued at about $40,000. Van Berkom & Associates Inc. acquired a new stake in Globant during the fourth quarter worth about $45,000. Finally, Promus Capital LLC bought a new position in Globant in the fourth quarter worth about $64,000. Institutional investors own 91.60% of the company's stock.

Globant Stock Performance

Shares of NYSE GLOB traded up $3.85 during mid-day trading on Tuesday, reaching $135.50. The company had a trading volume of 446,112 shares, compared to its average volume of 771,584. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.38 and a beta of 1.47. The stock has a fifty day moving average of $197.90 and a two-hundred day moving average of $207.20. Globant S.A. has a 12-month low of $130.06 and a 12-month high of $238.32.

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Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.39). The company had revenue of $642.48 million for 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%. Sell-side analysts forecast that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GLOB has been the subject of several recent analyst reports. Needham & Company LLC decreased their target price on shares of Globant from $265.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Redburn Atlantic upgraded shares of Globant from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $140.00 to $150.00 in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Canaccord Genuity Group dropped their target price on shares of Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Finally, Jefferies Financial Group increased their target price on shares of Globant from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.39.

Globant Profile

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.