Harbour Capital Advisors LLC boosted its position in Globant S.A. (NYSE:GLOB – Free Report) by 36.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,822 shares of the information technology services provider’s stock after acquiring an additional 490 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Globant were worth $400,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in shares of Globant by 2.6% in the 3rd quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider’s stock valued at $689,553,000 after purchasing an additional 88,829 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Globant by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider’s stock valued at $469,316,000 after buying an additional 153,385 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Globant by 1,817.5% during 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 buying an additional 1,431,112 shares during the last quarter. Sei Investments Co. boosted its position in shares of Globant by 43.4% during the 2nd quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider’s stock worth $91,432,000 after acquiring an additional 155,112 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $78,851,000 after acquiring an additional 161,512 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Analyst Upgrades and Downgrades
GLOB has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. TD Cowen lifted their price target 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. Scotiabank upped their price objective on shares of Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $205.00 target price on shares of Globant in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.44.
Globant Price Performance
GLOB opened at $207.48 on Tuesday. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The stock has a market capitalization of $8.94 billion, a P/E ratio of 54.17, a P/E/G ratio of 2.67 and a beta of 1.38. The business has a 50 day simple moving average of $221.08 and a 200-day simple moving average of $206.07.
Globant Profile
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.
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