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

Bfsg LLC purchased a new stake in Globant S.A. (NYSE:GLOB) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,978 shares of the information technology services provider’s stock, valued at approximately $986,000.

Several other institutional investors also recently made changes to their positions in GLOB. Quarry LP boosted its holdings in Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Globant in the 2nd quarter worth about $31,000. BOKF NA raised its holdings in shares of Globant by 15,800.0% in the 1st quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 158 shares during the period. ORG Partners LLC lifted its stake in shares of Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Finally, American National Bank & Trust grew its holdings in shares of Globant by 430.2% during the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 185 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Globant Trading Up 0.1 %

Shares of NYSE GLOB 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 price-to-earnings-growth ratio of 2.61 and a beta of 1.39. Globant S.A. has a twelve month low of $151.68 and a twelve month high of $251.50. The business has a 50 day simple moving average of $199.34 and a 200-day simple moving average of $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. Globant had a net margin of 7.39% and a return on equity of 11.68%. The firm had revenue of $587.46 million during the quarter, compared to analyst estimates of $586.72 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, equities analysts predict that Globant S.A. will post 5.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLOB has been the topic of several research reports. Jefferies Financial Group raised their price target on shares of Globant from $235.00 to $240.00 and gave the company a “buy” rating in a report on Monday, September 9th. The Goldman Sachs Group assumed coverage on shares of Globant in a report on Monday, June 24th. They set a “buy” rating and a $200.00 target price on the stock. StockNews.com downgraded Globant from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Needham & Company LLC boosted their price objective on Globant from $200.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Canaccord Genuity Group increased their target price on Globant from $175.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.