Calamos Advisors LLC purchased a new position in shares of Globant SA (NYSE:GLOB) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,990 shares of the information technology services provider’s stock, valued at approximately $2,998,000. Calamos Advisors LLC owned about 0.12% of Globant as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Claybrook Capital LLC bought a new stake in shares of Globant during the 4th quarter worth $26,000. Daiwa Securities Group Inc. bought a new stake in shares of Globant during the 4th quarter worth $28,000. We Are One Seven LLC bought a new stake in shares of Globant during the 4th quarter worth $118,000. Caxton Associates LP bought a new stake in shares of Globant during the 3rd quarter worth $217,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Globant during the 4th quarter worth $227,000. Institutional investors own 79.64% of the company’s stock.
Shares of Globant stock opened at $80.74 on Tuesday. The stock has a market cap of $2.99 billion, a P/E ratio of 58.09 and a beta of 0.94. Globant SA has a 12-month low of $43.29 and a 12-month high of $82.33.
Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 14th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $140.14 million during the quarter, compared to analysts’ expectations of $139.32 million. Globant had a net margin of 9.89% and a return on equity of 16.40%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. Analysts expect that Globant SA will post 1.72 earnings per share for the current fiscal year.
A number of brokerages have weighed in on GLOB. Morgan Stanley assumed coverage on shares of Globant in a report on Wednesday, April 10th. They issued an “overweight” rating and a $85.00 price target for the company. Itau BBA Securities cut shares of Globant from an “outperform” rating to a “market perform” rating in a research note on Friday, February 15th. ValuEngine upgraded shares of Globant from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. SunTrust Banks increased their price objective on shares of Globant to $75.00 and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $67.00 price objective on shares of Globant in a research note on Friday, February 15th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Globant currently has a consensus rating of “Buy” and a consensus price target of $67.00.
Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.
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