Globant S.A. (NYSE:GLOB) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,873 shares of the information technology services provider's stock after selling 58,039 shares during the quarter. Squarepoint Ops LLC owned approximately 0.09% of Globant worth $7,906,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Centricity Wealth Management LLC bought a new position in shares of Globant during the 4th quarter worth approximately $38,000. Kestra Investment Management LLC purchased a new position in shares of Globant in the 4th quarter valued at approximately $38,000. Van Berkom & Associates Inc. acquired a new stake in Globant in the 4th quarter worth approximately $45,000. Promus Capital LLC purchased a new stake in Globant during the 4th quarter worth approximately $64,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Globant during the 4th quarter worth approximately $81,000. Institutional investors own 91.60% of the company's stock.

Globant Stock Performance

NYSE GLOB traded up $1.07 during mid-day trading on Tuesday, reaching $101.69. 1,131,961 shares of the stock were exchanged, compared to its average volume of 687,411. The company has a market capitalization of $4.48 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.38 and a beta of 1.37. The business's 50 day moving average is $115.10 and its 200-day moving average is $172.06. Globant S.A. has a 1 year low of $88.03 and a 1 year high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The information technology services provider reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.08). Globant had a return on equity of 11.83% and a net margin of 6.86%. The firm had revenue of $611.09 million during the quarter, compared to analyst estimates of $622.18 million. During the same quarter last year, the company posted $1.53 EPS. The company's revenue was up 7.0% on a year-over-year basis. Equities analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLOB. UBS Group lowered their price objective on shares of Globant from $217.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Scotiabank dropped their price target on Globant from $170.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen upgraded Globant from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Finally, Mizuho set a $153.00 target price on Globant and gave the stock an "outperform" rating in a report on Monday, May 19th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $179.19.

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.