Natixis Advisors LLC Grows Stock Holdings in Globant S.A. (NYSE:GLOB)

Natixis Advisors LLC lifted its stake in Globant S.A. (NYSE:GLOB - Free Report) by 30.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,468 shares of the information technology services provider's stock after purchasing an additional 3,142 shares during the period. Natixis Advisors LLC's holdings in Globant were worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP lifted its stake in shares of Globant by 529.6% during the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider's stock valued at $30,000 after buying an additional 143 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Globant in the second quarter valued at about $31,000. BOKF NA boosted its stake in shares of Globant by 15,800.0% in the first quarter. BOKF NA now owns 159 shares of the information technology services provider's stock worth $32,000 after acquiring an additional 158 shares during the period. 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 worth $38,000 after purchasing an additional 76 shares in the last quarter. Finally, American National Bank & Trust raised its stake in Globant by 430.2% during the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider's stock valued at $45,000 after purchasing an additional 185 shares during the period. 91.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on GLOB shares. Canaccord Genuity Group restated a "hold" rating and issued a $205.00 price target on shares of Globant in a research note on Monday, November 18th. UBS Group reaffirmed a "neutral" rating and set a $235.00 target price (up from $225.00) on shares of Globant in a research note on Tuesday, August 20th. Citigroup lifted their price target on shares of Globant from $240.00 to $251.00 and gave the company a "buy" rating in a report on Monday, October 28th. Scotiabank increased their price objective on shares of Globant from $210.00 to $220.00 and gave the company a "sector perform" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their target price on Globant from $237.00 to $248.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $229.06.

Globant Stock Performance

NYSE GLOB traded up $1.70 during trading on Monday, hitting $230.95. The stock had a trading volume of 353,859 shares, compared to its average volume of 486,160. Globant S.A. has a one year low of $151.68 and a one year high of $251.50. The stock has a 50 day simple moving average of $210.75 and a 200 day simple moving average of $192.16. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 59.86, a P/E/G ratio of 2.80 and a beta of 1.39.

Globant Company 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.