Globant S.A. (NYSE:GLOB) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC decreased its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,577 shares of the information technology services provider's stock after selling 8,085 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.25% of Globant worth $23,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Globant by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock valued at $2,704,000 after acquiring an additional 71 shares in the last quarter. Congress Wealth Management LLC DE raised its holdings in shares of Globant by 2.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,683 shares of the information technology services provider's stock worth $575,000 after purchasing an additional 76 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Globant by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 18,490 shares of the information technology services provider's stock worth $3,965,000 after buying an additional 110 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Globant by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,813 shares of the information technology services provider's stock worth $1,032,000 after acquiring an additional 118 shares during the last quarter. Finally, Commerce Bank boosted its stake in Globant by 8.8% in the fourth quarter. Commerce Bank now owns 1,873 shares of the information technology services provider's stock valued at $402,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analyst Weigh In

GLOB has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on Globant from $230.00 to $154.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced 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 lowered their price target on Globant from $170.00 to $140.00 and set a "sector perform" rating on the stock in a report on Tuesday. Susquehanna decreased their target price on shares of Globant from $225.00 to $160.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Redburn Atlantic raised shares of Globant from a "sell" rating to a "neutral" rating and upped their price target for the stock from $140.00 to $150.00 in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $204.00.

Globant Price Performance

Globant stock traded up $0.71 during midday trading on Thursday, reaching $118.28. 157,470 shares of the company traded hands, compared to its average volume of 606,521. Globant S.A. has a 12 month low of $96.23 and a 12 month high of $238.32. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.50. The business has a 50 day moving average of $123.55 and a two-hundred day moving average of $185.10.

Globant (NYSE:GLOB - Get Free Report) last announced its quarterly 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 company had revenue of $642.48 million during the quarter, compared to analysts' expectations of $644.42 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. As a group, equities analysts forecast that Globant S.A. will post 5.73 EPS 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.