Price Change to Note: What’s Next for Globant SA After Today’s Significant Decline?

Price Change to Note: What's Next for Globant SA After Today's Significant Decline?

The stock of Globant SA (NYSE:GLOB) is a huge mover today! About 1.28M shares traded hands or 625.56% up from the average. Globant SA (NYSE:GLOB) has risen 37.97% since April 13, 2016 and is uptrending. It has outperformed by 34.05% the S&P500.
The move comes after 5 months negative chart setup for the $1.44 billion company. It was reported on Nov, 15 by Barchart.com. We have $37.90 PT which if reached, will make NYSE:GLOB worth $100.80 million less.

Globant SA (NYSE:GLOB) Ratings Coverage

Out of 7 analysts covering Globant SA (NYSE:GLOB), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Globant SA has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of GLOB in a report on Thursday, August 11 with “Overweight” rating. The stock has “Buy” rating given by SunTrust on Monday, December 21. Cantor Fitzgerald initiated the shares of GLOB in a report on Friday, October 16 with “Hold” rating. Wedbush initiated the shares of GLOB in a report on Friday, September 9 with “Outperform” rating. Sterne Agee CRT initiated the shares of GLOB in a report on Thursday, December 17 with “Buy” rating. The rating was initiated by Jefferies with “Hold” on Wednesday, August 12. Citigroup maintained it with “Buy” rating and $48.50 target price in Thursday, August 11 report. On Monday, February 8 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Hold” rating on Monday, May 16 by Jefferies.

According to Zacks Investment Research, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in 2016 Q2. Its down 0.28, from 1.61 in 2016Q1. The ratio fall, as 12 funds sold all Globant SA shares owned while 31 reduced positions. 18 funds bought stakes while 39 increased positions. They now own 18.01 million shares or 8.81% more from 16.56 million shares in 2016Q1.
Pnc Fin Services Grp Incorporated owns 108 shares or 0% of their US portfolio. Fil Limited holds 68,150 shares or 0.01% of its portfolio. Susquehanna Grp Limited Liability Partnership has 0% invested in the company for 5,442 shares. Bancorp Of Mellon Corp owns 57,351 shares or 0% of their US portfolio. Gotham Asset Mngmt Limited Liability has 22,816 shares for 0.01% of their US portfolio. Credit Suisse Ag owns 13,494 shares or 0% of their US portfolio. Blackrock Fund Advsr reported 715,914 shares or 0.01% of all its holdings. Prudential owns 148,250 shares or 0.01% of their US portfolio. Retail Bank Of America Corp De holds 0% or 14,980 shares in its portfolio. Bamco Inc Ny holds 0% or 1,885 shares in its portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 22,695 shares. Axa owns 108,000 shares or 0.02% of their US portfolio. Ig Investment Mngmt Limited has 0.01% invested in the company for 58,231 shares. Parametric Portfolio Lc owns 56,624 shares or 0% of their US portfolio. Manufacturers Life Ins Com The holds 0% of its portfolio in Globant SA (NYSE:GLOB) for 16,401 shares.

More notable recent Globant SA (NYSE:GLOB) news were published by: Foxbusiness.com which released: “Why Shares of Globant SA Are Getting Crushed Today” on November 15, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Globant S.A., VirnetX Holding, Apple and Amaya” published on November 14, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on August 02, 2010. More interesting news about Globant SA (NYSE:GLOB) were released by: Quotes.Wsj.com and their article: “Globant SA GLOB (US: NYSE)” published on June 06, 2011 as well as Investorplace.com‘s news article titled: “Best Stocks of 2016: Globant SA (GLOB) Emerges as Digital Transformation Leader” with publication date: October 10, 2016.

GLOB Company Profile

Globant S.A., incorporated on December 27, 2012, 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. It manufactures digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Firm delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its clients stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment