Jacksonville Wealth Management LLC Invests $334,000 in Globant S.A. (NYSE:GLOB)

Jacksonville Wealth Management LLC acquired a new stake in Globant S.A. (NYSE:GLOB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,559 shares of the information technology services provider’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLOB. Equitable Trust Co. lifted its position in shares of Globant by 1.1% during the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock worth $902,000 after buying an additional 50 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Globant by 3.8% during the 3rd quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 60 shares during the last quarter. Franklin Resources Inc. increased its position in Globant by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider’s stock worth $2,704,000 after purchasing an additional 71 shares in the last quarter. ORG Partners LLC lifted its stake in Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 92 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Performance

Globant stock opened at $203.68 on Friday. The stock’s 50 day moving average price is $218.30 and its two-hundred day moving average price is $207.76. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 53.18, a PEG ratio of 2.26 and a beta of 1.38. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GLOB shares. Piper Sandler dropped their price target on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Canaccord Genuity Group reissued a “hold” rating and set a $205.00 price target on shares of Globant in a research note on Monday, November 18th. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of Globant in a report on Friday. Finally, Scotiabank raised their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.28.

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.