Benjamin Edwards Inc. Purchases 2,208 Shares of Globant S.A. (NYSE:GLOB)

Benjamin Edwards Inc. boosted its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 229.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,169 shares of the information technology services provider's stock after buying an additional 2,208 shares during the quarter. Benjamin Edwards Inc.'s holdings in Globant were worth $628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Globant by 74.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,500 shares of the information technology services provider's stock worth $9,214,000 after purchasing an additional 19,854 shares during the period. Wasatch Advisors LP raised its holdings in Globant by 2.6% during the third quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider's stock valued at $689,553,000 after acquiring an additional 88,829 shares during the period. Verition Fund Management LLC bought a new position in shares of Globant in the third quarter worth about $1,009,000. Northwest & Ethical Investments L.P. raised its stake in Globant by 19.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 5,999 shares of the information technology services provider's stock valued at $1,189,000 after purchasing an additional 995 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 purchasing an additional 8,427 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLOB has been the subject of several research analyst reports. StockNews.com raised shares of Globant from a "sell" rating to a "hold" rating in a research note on Sunday, November 24th. Citigroup boosted their target price on Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. 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 raised their target price on shares of Globant from $245.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, TD Cowen upped their price target 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $229.00.

Globant Trading Up 3.4 %

Shares of GLOB traded up $7.60 during trading hours on Friday, reaching $229.73. 382,827 shares of the company traded hands, compared to its average volume of 507,979. The stock's fifty day moving average price is $217.41 and its 200 day moving average price is $195.96. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 59.98, a PEG ratio of 2.78 and a beta of 1.37. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50.

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.