Globant S.A. (NYSE:GLOB) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR grew its position in Globant S.A. (NYSE:GLOB) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,539 shares of the information technology services provider’s stock after acquiring an additional 230 shares during the quarter. Stephens Inc. AR’s holdings in Globant were worth $503,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Parcion Private Wealth LLC acquired a new stake in shares of Globant in the third quarter valued at approximately $214,000. International Assets Investment Management LLC acquired a new stake in shares of Globant in the third quarter valued at approximately $36,510,000. Signaturefd LLC boosted its holdings in shares of Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 92 shares during the period. Raymond James & Associates boosted its holdings in shares of Globant by 27.4% in the third quarter. Raymond James & Associates now owns 79,234 shares of the information technology services provider’s stock valued at $15,699,000 after acquiring an additional 17,035 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Globant in the third quarter valued at approximately $575,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GLOB shares. Jefferies Financial Group increased their price target on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Needham & Company LLC increased their price target on Globant from $200.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft started coverage on Globant in a report on Thursday, August 22nd. They set a “hold” rating and a $210.00 price target for the company. UBS Group reaffirmed a “neutral” rating and set a $235.00 price target (up from $225.00) on shares of Globant in a report on Tuesday, August 20th. Finally, Canaccord Genuity Group raised their target price on Globant from $175.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Globant has an average rating of “Moderate Buy” and an average target price of $226.21.

Globant Stock Up 2.8 %

Shares of GLOB stock opened at $218.91 on Thursday. The stock has a market cap of $9.43 billion, a P/E ratio of 57.16, a P/E/G ratio of 2.60 and a beta of 1.39. The business has a fifty day simple moving average of $204.78 and a 200-day simple moving average of $188.74. Globant S.A. has a fifty-two week low of $151.68 and a fifty-two week high of $251.50.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $587.46 million during 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 firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. On average, sell-side analysts anticipate that Globant S.A. will post 5.06 earnings per share for the current 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.