Globant S.A. (NYSE:GLOB) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 77.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,016 shares of the information technology services provider's stock after purchasing an additional 18,842 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Globant worth $9,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in Globant by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock worth $2,704,000 after purchasing an additional 71 shares during the last quarter. Congress Wealth Management LLC DE boosted its stake in Globant by 2.9% during the 4th 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 last quarter. Treasurer of the State of North Carolina boosted its stake in Globant by 0.6% during 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 purchasing an additional 110 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Globant by 2.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,813 shares of the information technology services provider's stock valued at $1,032,000 after acquiring an additional 118 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Globant by 8.8% during the 4th 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 last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Globant Price Performance

Shares of NYSE:GLOB opened at $118.74 on Tuesday. The company's fifty day moving average price is $126.07 and its 200 day moving average price is $186.03. 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 $5.23 billion, a P/E ratio of 31.92, a P/E/G ratio of 2.38 and a beta of 1.50.

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). Globant had a return on equity of 11.83% and a net margin of 6.86%. The company had revenue of $642.48 million for the quarter, compared to analyst estimates of $644.42 million. On average, sell-side analysts anticipate that Globant S.A. will post 5.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Globant from a "hold" rating to a "sell" rating in a research report on Friday. Canaccord Genuity Group lowered their price target on shares of Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on shares of Globant from $248.00 to $242.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Scotiabank lowered their price target on shares of Globant from $220.00 to $170.00 and set a "sector perform" rating on the stock in a research report on Monday, February 24th. Finally, Susquehanna reduced their price objective on shares of Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.88.

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.

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