Bleakley Financial Group LLC Invests $608,000 in Globant S.A. (NYSE:GLOB)

Bleakley Financial Group LLC purchased a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,835 shares of the information technology services provider's stock, valued at approximately $608,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC grew its stake in shares of Globant by 65.5% in the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock worth $38,000 after purchasing an additional 76 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Globant in the third quarter worth about $40,000. Signaturefd LLC increased its stake in Globant by 46.0% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock valued at $58,000 after buying an additional 92 shares during the period. Van ECK Associates Corp raised its position in shares of Globant by 62.4% during the 3rd quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider's stock worth $86,000 after buying an additional 153 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Globant by 56.7% in the third quarter. GAMMA Investing LLC now owns 793 shares of the information technology services provider's stock valued at $157,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analyst Weigh In

GLOB has been the subject of a number of research analyst reports. Scotiabank upped their price target on shares of Globant from $210.00 to $220.00 and gave the company a "sector perform" rating in a report on Tuesday, November 19th. Susquehanna initiated coverage on shares of Globant in a research report on Tuesday, December 17th. They issued a "positive" rating and a $255.00 price target on the stock. TD Cowen increased their price objective on Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 15th. StockNews.com upgraded Globant from a "sell" rating to a "hold" rating in a report on Sunday, November 24th. Finally, Piper Sandler decreased their price target on shares of Globant from $240.00 to $237.00 and set an "overweight" rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.28.

Globant Stock Up 4.5 %

GLOB stock traded up $9.84 during mid-day trading on Thursday, reaching $228.63. 650,254 shares of the company traded hands, compared to its average volume of 450,688. The firm's 50 day moving average price is $215.65 and its 200 day moving average price is $209.75. Globant S.A. has a fifty-two week low of $151.68 and a fifty-two week high of $243.35. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 59.70, a P/E/G ratio of 2.46 and a beta of 1.39.

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.