Sora Investors LLC Decreases Position in Globant S.A. (NYSE:GLOB)

Sora Investors LLC lessened its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the information technology services provider's stock after selling 16,825 shares during the quarter. Globant makes up 2.4% of Sora Investors LLC's portfolio, making the stock its 15th largest holding. Sora Investors LLC owned 0.16% of Globant worth $13,870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Quarry LP boosted its position in shares of 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 acquiring an additional 143 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Globant during the 2nd quarter valued at about $31,000. ORG Partners LLC grew its position in shares of 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. American National Bank & Trust increased its holdings in shares of Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock worth $45,000 after purchasing an additional 185 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock worth $58,000 after buying an additional 92 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Globant Trading Up 4.2 %

Shares of GLOB traded up $9.22 during mid-day trading on Friday, hitting $231.35. The company's stock had a trading volume of 176,418 shares, compared to its average volume of 479,479. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 58.00, a PEG ratio of 2.74 and a beta of 1.37. The company's 50-day moving average is $216.76 and its 200-day moving average is $195.22. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50.

Analyst Ratings Changes

Several analysts have recently issued reports on GLOB shares. TD Cowen upped their target price on shares of Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Canaccord Genuity Group reiterated a "hold" rating and issued a $205.00 target price on shares of Globant in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Globant in a report on Thursday, August 22nd. They set a "hold" rating and a $210.00 price target on the stock. StockNews.com raised shares of Globant from a "sell" rating to a "hold" rating in a research note on Sunday, November 24th. Finally, Jefferies Financial Group increased their target price on shares of Globant from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $229.06.

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.