19,276 Shares in Globant S.A. (NYSE:GLOB) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,276 shares of the information technology services provider's stock, valued at approximately $4,587,000.

A number of other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Globant by 10.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,406,155 shares of the information technology services provider's stock worth $558,644,000 after buying an additional 319,684 shares during the period. JPMorgan Chase & Co. increased its position in shares of Globant by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 1,614,782 shares of the information technology services provider's stock valued at $319,485,000 after acquiring an additional 49,812 shares during the period. Sands Capital Management LLC raised its stake in shares of Globant by 8.1% during the second quarter. Sands Capital Management LLC now owns 1,522,069 shares of the information technology services provider's stock valued at $273,546,000 after acquiring an additional 114,126 shares during the last quarter. Invesco Ltd. increased its holdings in Globant by 5.5% during the 1st quarter. Invesco Ltd. now owns 1,232,195 shares of the information technology services provider's stock valued at $322,920,000 after purchasing an additional 64,161 shares during the period. Finally, Capital International Investors increased its holdings in Globant by 0.6% during the 1st quarter. Capital International Investors now owns 822,632 shares of the information technology services provider's stock valued at $215,587,000 after purchasing an additional 4,561 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLOB has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Globant from $215.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. HSBC cut their price target on shares of Globant from $275.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, April 3rd. Mizuho restated a "buy" rating and issued a $279.00 price objective (down from $283.00) on shares of Globant in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Globant from $266.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. Finally, Piper Sandler increased their price target on shares of Globant from $257.00 to $290.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.59.

Globant Stock Down 1.8 %

Shares of NYSE:GLOB traded down $3.37 on Wednesday, hitting $182.13. 424,788 shares of the company traded hands, compared to its average volume of 456,426. The stock has a 50 day simple moving average of $212.98 and a 200-day simple moving average of $213.15. The company has a market cap of $7.85 billion, a PE ratio of 50.18, a PEG ratio of 1.43 and a beta of 1.35. Globant S.A. has a 52 week low of $135.40 and a 52 week high of $251.50.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.08). Globant had a net margin of 7.56% and a return on equity of 11.38%. The firm had revenue of $580.71 million for the quarter, compared to the consensus estimate of $579.70 million. As a group, sell-side analysts anticipate that Globant S.A. will post 5.04 earnings per share for the current 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.