Wealth Alliance Has $350,000 Stock Position in Globant S.A. (NYSE:GLOB)

Wealth Alliance decreased its holdings in shares of Globant S.A. (NYSE:GLOB) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,632 shares of the information technology services provider’s stock after selling 91 shares during the quarter. Wealth Alliance’s holdings in Globant were worth $350,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLOB. Creative Planning increased its stake in shares of Globant by 20.5% during the 3rd quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 351 shares during the last quarter. Raymond James & Associates increased its stake in shares of Globant by 27.4% during the 3rd quarter. Raymond James & Associates now owns 79,234 shares of the information technology services provider’s stock worth $15,699,000 after purchasing an additional 17,035 shares during the last quarter. Signaturefd LLC grew its stake in Globant by 46.0% in the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 92 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Globant in the 3rd quarter valued at $36,510,000. Finally, Parcion Private Wealth LLC acquired a new position in Globant in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

GLOB has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. UBS Group lowered their target price on shares of Globant from $222.00 to $217.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Piper Sandler lowered their target price on shares of Globant from $237.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC lowered their target price on shares of Globant from $265.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $227.06.

Globant Stock Performance

NYSE:GLOB opened at $152.02 on Friday. The company has a 50-day moving average of $215.37 and a 200-day moving average of $210.82. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.46 and a beta of 1.39. Globant S.A. has a 52 week low of $151.38 and a 52 week high of $238.32.

Globant (NYSE:GLOB) last released its quarterly earnings data 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 business had revenue of $642.48 million for the quarter, compared to the consensus estimate of $644.42 million. Globant had a return on equity of 11.65% and a net margin of 7.20%. Sell-side analysts forecast that Globant S.A. will post 4.98 EPS for the current year.

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.