IHT Wealth Management LLC Acquires 1,626 Shares of Globant S.A. (NYSE:GLOB)

IHT Wealth Management LLC raised its holdings in shares of Globant S.A. (NYSE:GLOB – Get Rating) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,947 shares of the information technology services provider’s stock after purchasing an additional 1,626 shares during the quarter. IHT Wealth Management LLC’s holdings in Globant were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of GLOB. Private Advisor Group LLC lifted its holdings in shares of Globant by 5.2% in the 1st quarter. Private Advisor Group LLC now owns 1,283 shares of the information technology services provider’s stock worth $336,000 after acquiring an additional 63 shares during the last quarter. CWM LLC lifted its holdings in shares of Globant by 18.7% in the 3rd quarter. CWM LLC now owns 458 shares of the information technology services provider’s stock worth $86,000 after acquiring an additional 72 shares during the last quarter. Matthews International Capital Management LLC lifted its holdings in shares of Globant by 3.7% in the 3rd quarter. Matthews International Capital Management LLC now owns 2,073 shares of the information technology services provider’s stock worth $388,000 after acquiring an additional 73 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Globant by 10.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 769 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 73 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Globant by 6.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,309 shares of the information technology services provider’s stock worth $245,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Globant Stock Performance

NYSE GLOB opened at $148.50 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 42.67 and a beta of 1.43. The company’s 50-day simple moving average is $165.14 and its two-hundred day simple moving average is $177.14. Globant S.A. has a one year low of $144.71 and a one year high of $282.13.

Globant (NYSE:GLOB – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The information technology services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). Globant had a return on equity of 12.09% and a net margin of 8.36%. The firm had revenue of $490.72 million during the quarter, compared to analysts’ expectations of $489.67 million. Equities analysts expect that Globant S.A. will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GLOB shares. Cowen decreased their price objective on shares of Globant from $207.00 to $192.00 in a report on Friday, February 17th. StockNews.com started coverage on shares of Globant in a report on Thursday. They set a “hold” rating for the company. HSBC started coverage on shares of Globant in a report on Thursday, February 2nd. They set a “buy” rating and a $240.00 price objective for the company. Piper Sandler lifted their price objective on shares of Globant from $198.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Globant from $224.00 to $221.00 and set an “overweight” rating for the company in a report on Tuesday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.11.

About Globant

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Globant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.