Globant S.A. (NYSE:GLOB) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in Globant S.A. (NYSE:GLOB - Free Report) by 31.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,022 shares of the information technology services provider's stock after acquiring an additional 3,556 shares during the quarter. Cerity Partners LLC's holdings in Globant were worth $2,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLOB. Quarry LP lifted its stake in Globant by 529.6% during the second quarter. Quarry LP now owns 170 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 143 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Globant during the 2nd quarter worth approximately $31,000. ORG Partners LLC lifted its position in shares of Globant by 65.5% during the 3rd 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 holdings in shares of Globant by 430.2% in the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock valued at $45,000 after buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Globant by 46.0% in 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 last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Globant Price Performance

Shares of GLOB stock traded down $1.79 during trading hours on Friday, reaching $227.76. 138,971 shares of the company's stock were exchanged, compared to its average volume of 509,207. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The company has a market cap of $9.81 billion, a P/E ratio of 59.47, a price-to-earnings-growth ratio of 2.81 and a beta of 1.39. The company's 50 day moving average is $214.47 and its two-hundred day moving average is $194.10.

Analyst Ratings Changes

Several research firms have issued reports on GLOB. KeyCorp upped their price objective 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. StockNews.com raised Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. Needham & Company LLC lifted their price target on Globant from $245.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Canaccord Genuity Group reissued a "hold" rating and issued a $205.00 price objective on shares of Globant in a report on Monday, November 18th. Finally, Piper Sandler cut their target price on shares of Globant from $240.00 to $237.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Globant has a consensus rating of "Moderate Buy" and a consensus target price of $229.06.

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.