Globant S.A. (NYSE:GLOB) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Globant S.A. (NYSE:GLOB - Free Report) by 154.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 57,282 shares of the information technology services provider's stock after buying an additional 34,745 shares during the period. Barclays PLC owned 0.13% of Globant worth $12,282,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp acquired a new stake in shares of Globant during the fourth quarter worth $909,000. Townsquare Capital LLC increased its stake in shares of Globant by 34.1% during the 4th quarter. Townsquare Capital LLC now owns 7,884 shares of the information technology services provider's stock valued at $1,690,000 after acquiring an additional 2,006 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Globant by 54.2% during the 4th quarter. Sterling Capital Management LLC now owns 20,104 shares of the information technology services provider's stock worth $4,311,000 after acquiring an additional 7,069 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Globant by 0.6% in the fourth 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 acquiring an additional 110 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Globant by 38.1% in the fourth quarter. Neuberger Berman Group LLC now owns 9,801 shares of the information technology services provider's stock worth $2,106,000 after acquiring an additional 2,702 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GLOB shares. UBS Group decreased their price target on shares of Globant from $217.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Redburn Atlantic upgraded Globant from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $140.00 to $150.00 in a report on Tuesday, February 25th. Piper Sandler decreased their target price on Globant from $230.00 to $154.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group lifted their price target on shares of Globant from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Scotiabank dropped their price objective on shares of Globant from $220.00 to $170.00 and set a "sector perform" rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $205.88.

Globant Price Performance

NYSE:GLOB traded up $0.65 during mid-day trading on Friday, reaching $119.00. The stock had a trading volume of 688,782 shares, compared to its average volume of 605,884. The stock's 50 day simple moving average is $128.05 and its two-hundred day simple moving average is $186.98. Globant S.A. has a 1-year low of $96.23 and a 1-year high of $238.32. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.38 and a beta of 1.50.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The business had revenue of $642.48 million during the quarter, compared to analyst estimates of $644.42 million. Sell-side analysts anticipate that Globant S.A. will post 5.73 EPS for the current fiscal year.

About Globant

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.