Globant SA (GLOB) Shares Sold by Gilder Gagnon Howe & Co. LLC
Gilder Gagnon Howe & Co. LLC decreased its stake in Globant SA (NYSE:GLOB) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,118,220 shares of the company’s stock after selling 8,058 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 3.27% of Globant SA worth $44,002,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GLOB. Fisher Asset Management LLC boosted its position in Globant SA by 11.4% in the second quarter. Fisher Asset Management LLC now owns 7,100 shares of the company’s stock valued at $285,000 after buying an additional 726 shares in the last quarter. Fis Group Inc. bought a new position in Globant SA during the second quarter valued at approximately $451,000. Boston Advisors LLC bought a new position in Globant SA during the second quarter valued at approximately $484,000. Geode Capital Management LLC boosted its position in Globant SA by 8.5% in the first quarter. Geode Capital Management LLC now owns 16,370 shares of the company’s stock valued at $505,000 after buying an additional 1,280 shares in the last quarter. Finally, UBS Group AG boosted its position in Globant SA by 190.1% in the first quarter. UBS Group AG now owns 17,420 shares of the company’s stock valued at $538,000 after buying an additional 11,415 shares in the last quarter. Hedge funds and other institutional investors own 61.24% of the company’s stock.
Shares of Globant SA (NYSE:GLOB) traded up 1.04% during midday trading on Wednesday, reaching $44.80. 50,352 shares of the company were exchanged. The stock has a 50-day moving average price of $41.53 and a 200 day moving average price of $39.23. The company has a market capitalization of $1.54 billion, a P/E ratio of 47.16 and a beta of 1.20. Globant SA has a 52-week low of $22.50 and a 52-week high of $44.95.
Globant SA (NYSE:GLOB) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Globant SA had a net margin of 11.46% and a return on equity of 20.00%. The business had revenue of $79.90 million for the quarter, compared to analyst estimates of $76.81 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. Equities research analysts expect that Globant SA will post $1.19 EPS for the current fiscal year.
Several research firms have recently commented on GLOB. Zacks Investment Research upgraded shares of Globant SA from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a report on Tuesday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Globant SA from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Cantor Fitzgerald reiterated a “hold” rating and issued a $43.00 price objective on shares of Globant SA in a report on Monday, August 8th. Pacific Crest reiterated a “hold” rating on shares of Globant SA in a report on Thursday, August 11th. Finally, Jefferies Group reiterated a “hold” rating and issued a $37.00 price objective on shares of Globant SA in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Globant SA has a consensus rating of “Buy” and a consensus price target of $40.14.
About Globant SA
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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