NBC Securities Inc. Invests $984,000 in Globant S.A. (NYSE:GLOB)

NBC Securities Inc. purchased a new position in shares of Globant S.A. (NYSE:GLOBFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,977 shares of the information technology services provider’s stock, valued at approximately $984,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Globant during the 1st quarter worth $72,000. Cornerstone Planning Group LLC acquired a new position in Globant in the second quarter valued at $50,000. Fortis Capital Advisors LLC acquired a new position in Globant in the first quarter valued at $55,000. Rockefeller Capital Management L.P. increased its stake in Globant by 303.2% in the fourth 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 during the period. Finally, CWM LLC increased its stake in Globant by 110.6% in the second quarter. CWM LLC now owns 417 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 219 shares during the period. 91.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on GLOB shares. Canaccord Genuity Group started coverage on shares of Globant in a research note on Wednesday, December 6th. They issued a “hold” rating on the stock. Canaccord Genuity Group started coverage on shares of Globant in a research note on Wednesday, December 6th. They issued a “hold” rating and a $230.00 price objective on the stock. Bank of America initiated coverage on shares of Globant in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $202.00 price objective on the stock. Piper Sandler Companies lowered their target price on shares of Globant from $230.00 to $212.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Globant in a report on Friday, November 17th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.80.

Read Our Latest Stock Report on Globant

Globant Stock Performance

GLOB stock traded up $4.74 during trading on Friday, reaching $238.00. 375,469 shares of the company were exchanged, compared to its average volume of 375,678. Globant S.A. has a 52-week low of $135.40 and a 52-week high of $250.39. The company has a market cap of $10.10 billion, a P/E ratio of 65.16 and a beta of 1.43. The stock’s 50 day moving average price is $228.15 and its 200 day moving average price is $201.23.

Globant (NYSE:GLOBGet Free Report) last announced its quarterly earnings results on Thursday, November 16th. The information technology services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.06). Globant had a net margin of 7.76% and a return on equity of 11.34%. The business had revenue of $545.28 million during the quarter, compared to analysts’ expectations of $544.64 million. As a group, equities research analysts forecast that Globant S.A. will post 4.54 EPS for the current 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.

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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