Chicago Capital LLC Invests $951,000 in Globant S.A. (NYSE:GLOB)

Chicago Capital LLC acquired a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,436 shares of the information technology services provider's stock, valued at approximately $951,000.

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning grew its holdings in Globant by 20.5% in the third quarter. Creative Planning now owns 2,062 shares of the information technology services provider's stock valued at $409,000 after purchasing an additional 351 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Globant in the 3rd quarter valued at $11,145,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Globant by 18.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,816 shares of the information technology services provider's stock worth $10,663,000 after acquiring an additional 8,427 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Globant by 121.3% in the 3rd quarter. Principal Financial Group Inc. now owns 30,351 shares of the information technology services provider's stock worth $6,014,000 after acquiring an additional 16,639 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Globant during the second quarter worth $1,319,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLOB has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. Canaccord Genuity Group reiterated a "hold" rating and set a $205.00 price objective on shares of Globant in a research note on Monday, November 18th. StockNews.com upgraded Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. Jefferies Financial Group boosted their price target on Globant from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, UBS Group decreased their price objective on Globant from $222.00 to $217.00 and set a "neutral" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Globant presently has an average rating of "Moderate Buy" and a consensus target price of $230.28.

Globant Stock Up 0.2 %

NYSE:GLOB traded up $0.41 on Friday, hitting $217.64. The stock had a trading volume of 613,234 shares, compared to its average volume of 446,261. The company has a fifty day moving average price of $216.31 and a two-hundred day moving average price of $208.98. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 2.33 and a beta of 1.39. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $245.81.

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.