BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $9.21 Million Stock Position in Globant S.A. (NYSE:GLOB)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Globant S.A. (NYSE:GLOB - Free Report) by 74.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,500 shares of the information technology services provider's stock after purchasing an additional 19,854 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.11% of Globant worth $9,214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. Ridgewood Investments LLC bought a new position in Globant during the second quarter valued at about $31,000. ORG Partners LLC lifted its position 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 buying an additional 76 shares during the last quarter. American National Bank & Trust boosted its stake in shares of Globant by 430.2% during the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock worth $45,000 after acquiring an additional 185 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of 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 acquiring an additional 92 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GLOB shares. StockNews.com raised Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. Scotiabank lifted their target price on shares of Globant from $210.00 to $220.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 19th. KeyCorp upped their price target on shares of Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Needham & Company LLC lifted their price objective on Globant from $245.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $205.00 target price on shares of Globant in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $229.06.

Globant Stock Performance

NYSE GLOB traded down $1.85 during trading on Monday, reaching $225.91. 364,522 shares of the company traded hands, compared to its average volume of 482,188. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50. The stock's 50 day moving average price is $215.13 and its two-hundred day moving average price is $194.44. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 58.98, a P/E/G ratio of 2.81 and a beta of 1.39.

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.