2,542 Shares in Globant S.A. (NYSE:GLOB) Bought by Diversified Trust Co

Diversified Trust Co bought a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,542 shares of the information technology services provider's stock, valued at approximately $545,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equitable Trust Co. increased its holdings in Globant by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider's stock valued at $902,000 after buying an additional 50 shares during the period. M&T Bank Corp increased its stake in Globant by 3.8% in the third quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider's stock valued at $326,000 after acquiring an additional 60 shares during the last quarter. Franklin Resources Inc. raised its position in Globant by 0.6% during the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock valued at $2,704,000 after purchasing an additional 71 shares in the last quarter. ORG Partners LLC raised its position in Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Globant by 46.0% during the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 92 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Trading Down 2.5 %

GLOB stock traded down $5.30 during trading on Friday, hitting $208.09. The company had a trading volume of 299,722 shares, compared to its average volume of 340,602. The stock has a market cap of $8.97 billion, a PE ratio of 54.33, a PEG ratio of 2.67 and a beta of 1.38. The business has a 50-day moving average of $221.17 and a 200-day moving average of $205.67. Globant S.A. has a one year low of $151.68 and a one year high of $251.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler lowered their price target on Globant from $240.00 to $237.00 and set an "overweight" rating for the company in a report on Friday, November 15th. TD Cowen boosted their target price on Globant from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Citigroup raised their price target on shares of Globant from $240.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Scotiabank lifted 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. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $205.00 price objective on shares of Globant in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.44.

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.