Shaker Investments LLC OH Buys Shares of 2,593 Globant S.A. (NYSE:GLOB)

Shaker Investments LLC OH bought a new position in shares of Globant S.A. (NYSE:GLOB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,593 shares of the information technology services provider’s stock, valued at approximately $556,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR lifted its stake in shares of Globant by 9.1% during the 4th quarter. Stephens Inc. AR now owns 2,769 shares of the information technology services provider’s stock worth $594,000 after purchasing an additional 230 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Globant by 7.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 287,467 shares of the information technology services provider’s stock valued at $61,639,000 after purchasing an additional 18,889 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Globant during the 4th quarter worth approximately $608,000. abrdn plc raised its holdings in shares of Globant by 36.7% in the fourth quarter. abrdn plc now owns 470,150 shares of the information technology services provider’s stock worth $101,564,000 after buying an additional 126,333 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Globant during the fourth quarter valued at $271,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Stock Down 0.5 %

Globant stock opened at $216.28 on Tuesday. The company’s 50 day moving average is $216.10 and its two-hundred day moving average is $209.39. The firm has a market cap of $9.32 billion, a PE ratio of 56.47, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $245.15.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank boosted their price target on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $205.00 price objective on shares of Globant in a research note on Monday, November 18th. Citigroup boosted their target price on shares of Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Susquehanna initiated coverage on Globant in a research report on Tuesday, December 17th. They set a “positive” rating and a $255.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.28.

Globant Company 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.