Atria Wealth Solutions Inc. Sells 3,187 Shares of Globant S.A. (NYSE:GLOB)

Atria Wealth Solutions Inc. reduced its position in shares of Globant S.A. (NYSE:GLOBFree Report) by 38.3% in the 3rd quarter, Holdings Channel reports. The firm owned 5,141 shares of the information technology services provider’s stock after selling 3,187 shares during the period. Atria Wealth Solutions Inc.’s holdings in Globant were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLOB. Cornerstone Planning Group LLC acquired a new position in Globant during the second quarter valued at approximately $50,000. Fortis Capital Advisors LLC acquired a new position in Globant during the first quarter valued at approximately $55,000. Rockefeller Capital Management L.P. raised its position in Globant by 303.2% during 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 in the last quarter. Advisors Asset Management Inc. acquired a new position in Globant during the first quarter valued at approximately $72,000. Finally, CWM LLC raised its position in Globant by 110.6% during 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 in the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.

Globant Trading Down 1.2 %

Shares of GLOB opened at $240.00 on Tuesday. The stock has a market capitalization of $10.19 billion, a P/E ratio of 67.04 and a beta of 1.39. The firm’s fifty day simple moving average is $234.17 and its two-hundred day simple moving average is $206.10. Globant S.A. has a 12 month low of $135.40 and a 12 month high of $251.50.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLOB. Itau BBA Securities downgraded shares of Globant from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. Piper Sandler upped their price target on shares of Globant from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, December 15th. Canaccord Genuity Group began coverage on shares of Globant in a report on Wednesday, December 6th. They set a “hold” rating for the company. KeyCorp upped their price target on shares of Globant from $218.00 to $266.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, TheStreet upgraded shares of Globant from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Read Our Latest Stock Report on Globant

Globant 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.

Further Reading

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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