Mirabella Financial Services LLP Buys New Holdings in Globant S.A. (NYSE:GLOB)

Mirabella Financial Services LLP acquired a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,193 shares of the information technology services provider's stock, valued at approximately $4,761,000. Mirabella Financial Services LLP owned approximately 0.06% of Globant at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Globant by 1,817.5% in the third quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider's stock worth $299,162,000 after purchasing an additional 1,431,112 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Globant during the 2nd quarter worth approximately $99,396,000. Dimensional Fund Advisors LP lifted its stake in Globant by 57.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider's stock valued at $78,851,000 after purchasing an additional 161,512 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Globant by 43.4% during the 2nd quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider's stock worth $91,432,000 after buying an additional 155,112 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Globant by 89.9% during the second quarter. The Manufacturers Life Insurance Company now owns 266,184 shares of the information technology services provider's stock worth $47,450,000 after acquiring an additional 126,030 shares during the period. Institutional investors own 91.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Globant from $240.00 to $237.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group raised their target price on Globant from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research report on Sunday. Canaccord Genuity Group restated a "hold" rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. Finally, TD Cowen boosted their target price on Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $229.06.

Globant Stock Up 0.8 %

NYSE:GLOB traded up $1.81 on Monday, reaching $231.06. 353,859 shares of the company's stock were exchanged, compared to its average volume of 486,160. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.80 and a beta of 1.39. The business has a fifty day moving average of $210.75 and a 200-day moving average of $192.16.

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.