Polen Capital Management LLC Has $136.06 Million Holdings in Globant S.A. (NYSE:GLOB)

Polen Capital Management LLC boosted its stake in Globant S.A. (NYSE:GLOB) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,524 shares of the information technology services provider’s stock after buying an additional 1,545 shares during the quarter. Polen Capital Management LLC owned approximately 1.47% of Globant worth $136,055,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GLOB. Centricity Wealth Management LLC acquired a new stake in Globant in the 4th quarter valued at $38,000. Kestra Investment Management LLC acquired a new stake in Globant in the 4th quarter valued at $38,000. Wilmington Savings Fund Society FSB acquired a new stake in Globant in the 3rd quarter valued at $40,000. Van Berkom & Associates Inc. bought a new position in Globant in the 4th quarter valued at $45,000. Finally, Promus Capital LLC bought a new position in Globant in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Trading Up 4.3 %

NYSE GLOB opened at $134.43 on Monday. Globant S.A. has a 12 month low of $128.76 and a 12 month high of $238.32. The company has a market capitalization of $5.92 billion, a PE ratio of 36.14, a P/E/G ratio of 2.38 and a beta of 1.47. The stock has a 50-day simple moving average of $191.29 and a 200 day simple moving average of $205.27.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). Globant had a net margin of 6.86% and a return on equity of 11.83%. The business had revenue of $642.48 million during the quarter, compared to analyst estimates of $644.42 million. As a group, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GLOB has been the subject of several research analyst reports. Redburn Atlantic upgraded Globant from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $140.00 to $150.00 in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on Globant from $248.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Canaccord Genuity Group cut their price objective on Globant from $205.00 to $165.00 and set a “hold” rating for the company in a research report on Monday, February 24th. Finally, Piper Sandler dropped their target price on Globant from $237.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Globant currently has an average rating of “Moderate Buy” and a consensus target price of $221.39.

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.