Bank of Montreal Can Has $4.28 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Bank of Montreal Can boosted its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 48.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,642 shares of the information technology services provider's stock after acquiring an additional 7,110 shares during the period. Bank of Montreal Can owned about 0.05% of Globant worth $4,278,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GLOB. Victory Capital Management Inc. lifted its holdings in Globant by 1,817.5% in the third quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider's stock worth $299,162,000 after acquiring an additional 1,431,112 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Globant during the second quarter valued at approximately $99,396,000. Dimensional Fund Advisors LP raised its holdings in shares of Globant by 57.5% during the second quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider's stock valued at $78,851,000 after buying an additional 161,512 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Globant by 43.4% during the second quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider's stock valued at $91,432,000 after buying an additional 155,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Globant by 89.9% during the second quarter. The Manufacturers Life Insurance Company now owns 266,184 shares of the information technology services provider's stock valued at $47,450,000 after buying an additional 126,030 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of Globant from $240.00 to $237.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Canaccord Genuity Group reiterated a "hold" rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. KeyCorp lifted their target price on shares of Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their price objective on shares of Globant from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Finally, TD Cowen upped their target price on shares of Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $229.06.

Globant Stock Performance

NYSE:GLOB traded up $3.16 during trading hours on Wednesday, hitting $225.11. The stock had a trading volume of 461,122 shares, compared to its average volume of 481,414. Globant S.A. has a one year low of $151.68 and a one year high of $251.50. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 58.78, a P/E/G ratio of 2.79 and a beta of 1.37. The business's 50 day moving average is $216.28 and its 200-day moving average is $195.04.

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.