42,621 Shares in Globant S.A. (NYSE:GLOB) Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,621 shares of the information technology services provider's stock, valued at approximately $8,445,000. Loomis Sayles & Co. L P owned approximately 0.10% of Globant as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Globant by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider's stock worth $22,681,000 after buying an additional 8,267 shares during the period. BOKF NA raised its position in shares of Globant by 15,800.0% during the first quarter. BOKF NA now owns 159 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 158 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Globant by 17.6% in the 1st quarter. Janus Henderson Group PLC now owns 16,906 shares of the information technology services provider's stock worth $3,414,000 after purchasing an additional 2,529 shares in the last quarter. Swedbank AB acquired a new stake in Globant in the 1st quarter valued at $9,974,000. Finally, Cetera Investment Advisers grew its position in Globant by 1,079.8% in the 1st quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider's stock valued at $4,066,000 after purchasing an additional 18,433 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

GLOB has been the topic of several recent research reports. Citigroup lifted their price objective on shares of Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a report on Monday, October 28th. UBS Group reaffirmed a "neutral" rating and issued a $235.00 price objective (up from $225.00) on shares of Globant in a research report on Tuesday, August 20th. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research note on Sunday. 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. Finally, KeyCorp increased their price target on Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $229.06.

Globant Stock Performance

GLOB stock traded down $1.38 during midday trading on Thursday, reaching $229.55. 239,131 shares of the company's stock traded hands, compared to its average volume of 484,194. Globant S.A. has a 52 week low of $151.68 and a 52 week high of $251.50. The company has a 50-day moving average price of $212.97 and a two-hundred day moving average price of $193.24. The firm has a market capitalization of $9.89 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 2.85 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.