OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,902 Shares of Globant S.A. (NYSE:GLOB)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Globant S.A. (NYSE:GLOB - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,644 shares of the information technology services provider's stock after acquiring an additional 3,902 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Globant worth $5,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Globant by 132.9% during the third quarter. Barclays PLC now owns 22,537 shares of the information technology services provider's stock valued at $4,467,000 after buying an additional 12,862 shares during the period. Franklin Resources Inc. grew its position in Globant by 0.6% during the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock valued at $2,704,000 after buying an additional 71 shares during the period. JPMorgan Chase & Co. grew its position in Globant by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider's stock valued at $469,316,000 after buying an additional 153,385 shares during the period. Harbour Capital Advisors LLC grew its position in Globant by 36.8% during the fourth quarter. Harbour Capital Advisors LLC now owns 1,822 shares of the information technology services provider's stock valued at $400,000 after buying an additional 490 shares during the period. Finally, Park Avenue Securities LLC grew its position in Globant by 13.7% during the fourth quarter. Park Avenue Securities LLC now owns 7,815 shares of the information technology services provider's stock valued at $1,676,000 after buying an additional 943 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Globant Trading Up 7.7%

NYSE GLOB opened at $138.73 on Tuesday. The company's 50-day moving average price is $119.48 and its 200-day moving average price is $179.42. The stock has a market cap of $6.11 billion, a PE ratio of 37.29, a PEG ratio of 2.38 and a beta of 1.37. Globant S.A. has a 12 month low of $96.23 and a 12 month high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $642.48 million during the quarter, compared to the consensus estimate of $644.42 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. As a group, sell-side analysts forecast that Globant S.A. will post 5.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLOB. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Globant in a research report on Wednesday, March 12th. Jefferies Financial Group upped their price target on shares of Globant from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Redburn Atlantic raised shares of Globant from a "sell" rating to a "neutral" rating and upped their price target for the company from $140.00 to $150.00 in a research note on Tuesday, February 25th. Piper Sandler decreased their price target on shares of Globant from $230.00 to $154.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Globant from a "hold" rating to a "sell" rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.00.

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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