Globant S.A. (NYSE:GLOB – Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 953,300 shares, a decrease of 10.1% from the March 15th total of 1,060,000 shares. Based on an average daily volume of 475,200 shares, the short-interest ratio is presently 2.0 days.
Globant Trading Down 4.1 %
GLOB stock opened at $192.34 on Monday. The firm has a market cap of $8.29 billion, a PE ratio of 52.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.35. The stock has a 50-day moving average price of $215.05 and a 200-day moving average price of $213.30. Globant has a 1-year low of $135.40 and a 1-year high of $251.50.
Globant (NYSE:GLOB – Get Free Report) last issued its earnings results 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). The business had revenue of $580.71 million during the quarter, compared to the consensus estimate of $579.70 million. Globant had a return on equity of 11.38% and a net margin of 7.56%. On average, analysts forecast that Globant will post 5.04 earnings per share for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on GLOB
Institutional Investors Weigh In On Globant
A number of large investors have recently bought and sold shares of the stock. LM Advisors LLC acquired a new stake in Globant in the fourth quarter valued at approximately $27,000. Accent Capital Management LLC acquired a new position in Globant during the fourth quarter worth $29,000. CI Investments Inc. lifted its stake in shares of Globant by 122.0% in the third quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 72 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Globant during the fourth quarter valued at about $56,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Globant during the first quarter worth about $72,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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