Oddo BHF Asset Management Sas Buys New Shares in Globant S.A. (NYSE:GLOB)

Oddo BHF Asset Management Sas bought a new stake in Globant S.A. (NYSE:GLOB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,579 shares of the information technology services provider's stock, valued at approximately $10,814,000. Oddo BHF Asset Management Sas owned about 0.13% of Globant as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 143 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Globant in the second quarter worth $31,000. ORG Partners LLC raised its position in shares of Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock worth $38,000 after acquiring an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Globant in the 3rd quarter worth approximately $40,000. Finally, American National Bank & Trust lifted its holdings in Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock valued at $45,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Globant Price Performance

NYSE GLOB traded down $2.93 during trading hours on Friday, hitting $216.77. The company's stock had a trading volume of 306,475 shares, compared to its average volume of 479,136. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The company's 50 day simple moving average is $219.37 and its two-hundred day simple moving average is $197.07. The company has a market cap of $9.34 billion, a P/E ratio of 56.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLOB shares. TD Cowen boosted their target price on shares of Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Needham & Company LLC upped their target price on shares of Globant from $245.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group upped their price objective on shares of Globant from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. Piper Sandler cut their price objective on Globant from $240.00 to $237.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a research note on Thursday, August 22nd. They set a "hold" rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Globant has a consensus rating of "Moderate Buy" and an average target price of $229.00.

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.