Barclays PLC Purchases 11,732 Shares of Globant S.A. (NYSE:GLOB)

Barclays PLC increased its position in shares of Globant S.A. (NYSE:GLOB – Free Report) by 541.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,898 shares of the information technology services provider’s stock after acquiring an additional 11,732 shares during the period. Barclays PLC’s holdings in Globant were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of Globant in the 1st quarter worth $29,000. Nisa Investment Advisors LLC increased its holdings in shares of Globant by 233.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 200 shares of the information technology services provider’s stock worth $33,000 after buying an additional 140 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Globant in the 4th quarter worth $40,000. Machina Capital S.A.S. bought a new position in shares of Globant in the 1st quarter worth $49,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Globant by 37.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 354 shares of the information technology services provider’s stock worth $60,000 after buying an additional 97 shares during the last quarter. Institutional investors own 91.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GLOB has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $207.00 price target on shares of Globant in a report on Tuesday, August 8th. HSBC increased their price target on shares of Globant from $235.00 to $240.00 in a report on Monday, July 17th. Citigroup increased their target price on shares of Globant from $185.00 to $215.00 in a report on Tuesday, July 25th. KeyCorp increased their target price on shares of Globant from $201.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Finally, Jefferies Financial Group increased their target price on shares of Globant from $198.00 to $227.00 in a report on Tuesday, June 20th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $219.40.

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Globant Stock Down 2.6 %

Shares of Globant stock opened at $171.11 on Wednesday. The firm has a market cap of $7.23 billion, a PE ratio of 49.45 and a beta of 1.36. Globant S.A. has a 12-month low of $135.40 and a 12-month high of $239.91. The company’s fifty day simple moving average is $179.69 and its two-hundred day simple moving average is $167.28.

Globant (NYSE:GLOB – Get Free Report) last announced its quarterly earnings results on Thursday, May 18th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The firm had revenue of $472.42 million during the quarter, compared to the consensus estimate of $472.14 million. Globant had a return on equity of 11.65% and a net margin of 8.03%. As a group, sell-side analysts expect that Globant S.A. will post 4.68 earnings per share for the current fiscal year.

Globant Company Profile

(Free Report)

Globant SA operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.