2,574 Shares in Globant S.A. (NYSE:GLOB) Bought by SIH Partners LLLP

SIH Partners LLLP bought a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,574 shares of the information technology services provider's stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Globant by 132.9% in the third quarter. Barclays PLC now owns 22,537 shares of the information technology services provider's stock worth $4,467,000 after acquiring an additional 12,862 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Globant by 26.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,312 shares of the information technology services provider's stock valued at $656,000 after purchasing an additional 688 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Globant during the 3rd quarter valued at $40,000. Franklin Resources Inc. increased its holdings in shares of Globant by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock worth $2,704,000 after buying an additional 71 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Globant during the 3rd quarter worth $10,814,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GLOB shares. StockNews.com downgraded Globant from a "hold" rating to a "sell" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Susquehanna cut their price target on shares of Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a report on Wednesday. Scotiabank decreased their price objective on shares of Globant from $220.00 to $170.00 and set a "sector perform" rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group raised 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Globant has a consensus rating of "Moderate Buy" and an average price target of $205.88.

Globant Trading Up 0.5 %

Globant stock traded up $0.65 during mid-day trading on Friday, reaching $119.00. The company's stock had a trading volume of 688,782 shares, compared to its average volume of 605,883. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.38 and a beta of 1.50. The business has a 50 day moving average price of $130.12 and a 200-day moving average price of $187.62. Globant S.A. has a twelve month low of $96.23 and a twelve month high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last announced 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). Globant had a return on equity of 11.83% and a net margin of 6.86%. The business had revenue of $642.48 million for the quarter, compared to analyst estimates of $644.42 million. On average, equities analysts expect that Globant S.A. will post 5.73 EPS for the current fiscal year.

Globant Company 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.