Globant S.A. (NYSE:GLOB) Stock Position Increased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Globant S.A. (NYSE:GLOB) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,815 shares of the information technology services provider’s stock after purchasing an additional 943 shares during the quarter. Park Avenue Securities LLC’s holdings in Globant were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP raised its position in shares of Globant by 2.6% during the 3rd quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider’s stock worth $689,553,000 after buying an additional 88,829 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Globant by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider’s stock worth $469,316,000 after purchasing an additional 153,385 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Globant by 1,817.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider’s stock worth $299,162,000 after purchasing an additional 1,431,112 shares during the last quarter. Sei Investments Co. grew its stake in shares of Globant by 43.4% in the 2nd quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider’s stock worth $91,432,000 after purchasing an additional 155,112 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Globant by 57.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider’s stock worth $78,851,000 after purchasing an additional 161,512 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLOB shares. JPMorgan Chase & Co. lifted their price objective on shares of Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler lowered their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Needham & Company LLC lifted their target price on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank lifted their target price on shares of Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.44.

Globant Stock Down 1.6 %

GLOB stock opened at $213.48 on Friday. The firm has a market capitalization of $9.20 billion, a PE ratio of 55.74, a PEG ratio of 2.26 and a beta of 1.38. Globant S.A. has a twelve month low of $151.68 and a twelve month high of $251.50. The stock has a 50-day simple moving average of $220.21 and a two-hundred day simple moving average of $206.88.

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.