Hantz Financial Services Inc. Boosts Stock Position in Globant S.A. (NYSE:GLOB)

Hantz Financial Services Inc. grew its position in Globant S.A. (NYSE:GLOB - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,870 shares of the information technology services provider's stock after acquiring an additional 1,401 shares during the quarter. Hantz Financial Services Inc.'s holdings in Globant were worth $2,116,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GLOB. Quarry LP raised its position in Globant by 529.6% in the second 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 period. ORG Partners LLC raised its holdings in Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock valued at $38,000 after buying an additional 76 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Globant in the third quarter valued at about $40,000. American National Bank & Trust boosted its stake in Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock worth $45,000 after buying an additional 185 shares during the period. Finally, Signaturefd LLC increased its position in shares of Globant by 46.0% during the third 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. Hedge funds and other institutional investors own 91.60% of the company's stock.

Globant Trading Down 0.7 %

Shares of NYSE:GLOB traded down $1.53 during midday trading on Monday, hitting $211.79. The stock had a trading volume of 640,736 shares, compared to its average volume of 438,428. The company has a market capitalization of $9.13 billion, a PE ratio of 55.34, a P/E/G ratio of 2.33 and a beta of 1.39. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $248.94. The stock has a 50 day moving average price of $217.57 and a two-hundred day moving average price of $208.64.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLOB. Susquehanna initiated coverage on Globant in a research note on Tuesday, December 17th. They issued a "positive" rating and a $255.00 price objective for the company. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research note on Sunday, November 24th. Canaccord Genuity Group reiterated a "hold" rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. Citigroup boosted their target price on shares of Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Scotiabank lifted their price target on Globant from $210.00 to $220.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $230.28.

About Globant

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.