2,025 Shares in Globant S.A. (NYSE:GLOB) Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new stake in Globant S.A. (NYSE:GLOB) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,025 shares of the information technology services provider’s stock, valued at approximately $482,000.

Several other hedge funds have also made changes to their positions in GLOB. CI Investments Inc. lifted its position in Globant by 122.0% in the 3rd quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock worth $26,000 after buying an additional 72 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Globant in the 1st quarter worth approximately $72,000. Cornerstone Planning Group LLC purchased a new stake in Globant in the 2nd quarter worth approximately $50,000. Fortis Capital Advisors LLC bought a new position in shares of Globant during the 1st quarter valued at $55,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Globant by 303.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 375 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GLOB. Wedbush restated an “outperform” rating and set a $250.00 price target on shares of Globant in a report on Friday, February 16th. Guggenheim began coverage on shares of Globant in a report on Tuesday, March 19th. They set a “buy” rating and a $250.00 price target on the stock. UBS Group raised their price target on shares of Globant from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Citigroup raised their price target on shares of Globant from $215.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Piper Sandler raised their target price on shares of Globant from $257.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Globant presently has an average rating of “Moderate Buy” and an average target price of $246.59.

Globant Trading Down 1.4 %

Shares of NYSE GLOB opened at $189.69 on Tuesday. Globant S.A. has a 1-year low of $135.40 and a 1-year high of $251.50. The company has a market cap of $8.17 billion, a PE ratio of 52.26, a P/E/G ratio of 1.45 and a beta of 1.35. The company has a 50-day moving average of $213.97 and a two-hundred day moving average of $213.24.

Globant (NYSE:GLOB) last posted its quarterly 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 for 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%. As a group, equities research analysts forecast 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.