Globant S.A. (NYSE:GLOB) Stock Holdings Raised by Cerity Partners LLC

Cerity Partners LLC grew its stake in Globant S.A. (NYSE:GLOB) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,866 shares of the information technology services provider’s stock after purchasing an additional 911 shares during the quarter. Cerity Partners LLC’s holdings in Globant were worth $682,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GLOB. CI Investments Inc. boosted its holdings in Globant by 122.0% in the third quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 72 shares during the period. CWM LLC boosted its holdings in shares of Globant by 20.9% in the 3rd quarter. CWM LLC now owns 504 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 87 shares during the period. Carlson Capital Management bought a new stake in shares of Globant during the 4th quarter valued at about $205,000. Yousif Capital Management LLC acquired a new stake in Globant during the third quarter worth about $207,000. Finally, Harbour Capital Advisors LLC bought a new position in Globant in the fourth quarter worth about $218,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

GLOB opened at $180.90 on Wednesday. The business has a 50 day moving average price of $207.29 and a two-hundred day moving average price of $212.53. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35. Globant S.A. has a 1-year low of $135.40 and a 1-year high of $251.50.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The firm 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%. Equities analysts expect that Globant S.A. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLOB. Canaccord Genuity Group reaffirmed a “hold” rating and set a $230.00 target price on shares of Globant in a report on Tuesday, February 20th. Guggenheim began coverage on Globant in a research report on Tuesday, March 19th. They issued a “buy” rating and a $250.00 target price on the stock. KeyCorp raised their target price on Globant from $266.00 to $272.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. UBS Group upped their price target on shares of Globant from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, Citigroup cut their price objective on shares of Globant from $275.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Globant has a consensus rating of “Moderate Buy” and an average target price of $244.24.

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.