Globant S.A. (NYSE:GLOB) Holdings Boosted by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,183 shares of the information technology services provider's stock after purchasing an additional 74,447 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.73% of Globant worth $67,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 12,862 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Globant in the 3rd quarter worth about $40,000. Franklin Resources Inc. lifted its holdings in shares of Globant by 0.6% in the 3rd 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 last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Globant in the 3rd quarter worth about $10,814,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Globant by 121.3% in the 3rd quarter. Principal Financial Group Inc. now owns 30,351 shares of the information technology services provider's stock worth $6,014,000 after acquiring an additional 16,639 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

GLOB has been the subject of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Globant from $230.00 to $154.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. StockNews.com lowered shares of Globant from a "hold" rating to a "sell" rating in a report on Friday, April 25th. Canaccord Genuity Group decreased their price objective on shares of Globant from $205.00 to $165.00 and set a "hold" rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Finally, Redburn Atlantic upgraded shares of Globant from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $140.00 to $150.00 in a report 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 issued a buy rating to the stock. According to data from MarketBeat, Globant has a consensus rating of "Moderate Buy" and an average price target of $204.00.

Globant Trading Up 0.0 %

Shares of NYSE:GLOB traded up $0.06 on Thursday, reaching $117.63. 140,887 shares of the company were exchanged, compared to its average volume of 606,385. The company has a 50-day moving average of $123.55 and a 200-day moving average of $185.10. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.50. Globant S.A. has a 1-year low of $96.23 and a 1-year high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share 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 analysts' expectations of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. As a group, analysts forecast that Globant S.A. will post 5.73 earnings per share 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.