4,978 Shares in Globant S.A. (NYSE:GLOB) Bought by Bfsg LLC

Bfsg LLC purchased a new stake in shares of Globant S.A. (NYSE:GLOB) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 4,978 shares of the information technology services provider’s stock, valued at approximately $986,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BOKF NA lifted its position in Globant by 15,800.0% in the 1st quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 158 shares during the last quarter. Quarry LP grew its position in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Globant in the second quarter valued at approximately $31,000. ORG Partners LLC raised its holdings in shares of Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after buying an additional 76 shares during the last quarter. Finally, American National Bank & Trust boosted its position in shares of Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Trading Up 0.1 %

Shares of GLOB stock opened at $216.49 on Friday. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 56.82, a P/E/G ratio of 2.61 and a beta of 1.39. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50. The stock’s fifty day simple moving average is $199.34 and its 200-day simple moving average is $186.45.

Globant (NYSE:GLOB) last released its earnings results on Thursday, August 15th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $587.46 million for the quarter, compared to analysts’ expectations of $586.72 million. Globant had a return on equity of 11.68% and a net margin of 7.39%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. On average, sell-side analysts predict that Globant S.A. will post 5.02 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on GLOB shares. StockNews.com downgraded Globant from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. TD Cowen lifted their price target on Globant from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and issued a $240.00 price objective (up previously from $238.00) on shares of Globant in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on Globant in a report on Monday, June 24th. They set a “buy” rating and a $200.00 target price on the stock. Finally, KeyCorp upped their price target on shares of Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.