Centiva Capital LP Purchases New Shares in Globant S.A. (NYSE:GLOB)

Centiva Capital LP acquired a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,468 shares of the information technology services provider's stock, valued at approximately $885,000.

Several other hedge funds also recently bought and sold shares of GLOB. Vanguard Group Inc. grew its position in Globant by 7.9% during the first quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider's stock worth $22,681,000 after buying an additional 8,267 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Globant by 1,079.8% during the first quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider's stock worth $4,066,000 after purchasing an additional 18,433 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Globant in the first quarter worth approximately $297,000. GAMMA Investing LLC raised its stake in Globant by 82.0% in the second quarter. GAMMA Investing LLC now owns 506 shares of the information technology services provider's stock valued at $90,000 after purchasing an additional 228 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Globant by 4.7% during the second quarter. Park Avenue Securities LLC now owns 7,969 shares of the information technology services provider's stock valued at $1,421,000 after purchasing an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Globant Stock Up 3.4 %

Shares of NYSE:GLOB traded up $7.60 during midday trading on Friday, hitting $229.73. 382,813 shares of the stock traded hands, compared to its average volume of 480,378. The stock has a market capitalization of $9.90 billion, a PE ratio of 58.00, a P/E/G ratio of 2.74 and a beta of 1.37. Globant S.A. has a one year low of $151.68 and a one year high of $251.50. The business's 50 day moving average is $216.76 and its two-hundred day moving average is $195.22.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reissued a "neutral" rating and issued a $235.00 price target (up previously from $225.00) on shares of Globant in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on Globant from $237.00 to $248.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Globant from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Needham & Company LLC increased their price objective on Globant from $245.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Piper Sandler dropped their target price on Globant from $240.00 to $237.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $229.06.

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.