Axa S.A. Sells 9,799 Shares of Globant S.A. (NYSE:GLOB)

Axa S.A. lessened its position in shares of Globant S.A. (NYSE:GLOB - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,042 shares of the information technology services provider's stock after selling 9,799 shares during the period. Axa S.A. owned 0.24% of Globant worth $21,880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Globant by 132.9% in the 3rd quarter. Barclays PLC now owns 22,537 shares of the information technology services provider's stock worth $4,467,000 after buying an additional 12,862 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Globant during the third quarter worth $40,000. Franklin Resources Inc. boosted its holdings in shares of Globant by 0.6% in the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock worth $2,704,000 after acquiring an additional 71 shares during the period. JPMorgan Chase & Co. grew its position in shares of Globant by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider's stock valued at $469,316,000 after purchasing an additional 153,385 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Globant by 21.9% during the 4th quarter. GAMMA Investing LLC now owns 967 shares of the information technology services provider's stock valued at $207,000 after purchasing an additional 174 shares during the period. Institutional investors own 91.60% of the company's stock.

Globant Price Performance

Shares of NYSE GLOB opened at $119.28 on Monday. The stock has a market capitalization of $5.25 billion, a P/E ratio of 32.06, a PEG ratio of 2.38 and a beta of 1.37. Globant S.A. has a one year low of $96.23 and a one year high of $238.32. The firm's 50 day simple moving average is $122.08 and its two-hundred day simple moving average is $183.35.

Globant (NYSE:GLOB - Get Free Report) last released its 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 business had revenue of $642.48 million for the quarter, compared to the consensus estimate of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. As a group, equities analysts expect that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

GLOB has been the topic of several analyst reports. Canaccord Genuity Group decreased their price target on Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Piper Sandler decreased their target price on shares of Globant from $230.00 to $154.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Susquehanna cut their price target on shares of Globant from $225.00 to $160.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their price target on shares of Globant from $217.00 to $190.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Globant in a research report on Wednesday, March 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $204.00.

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.

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