Robeco Institutional Asset Management B.V. Acquires 50,254 Shares of Globant S.A. (NYSE:GLOB)

Robeco Institutional Asset Management B.V. grew its stake in shares of Globant S.A. (NYSE:GLOB - Free Report) by 4,020.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,504 shares of the information technology services provider's stock after purchasing an additional 50,254 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Globant worth $11,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLOB. Quarry LP lifted its stake in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 143 shares in the last quarter. ORG Partners LLC increased its stake in 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 acquiring an additional 76 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Globant during the 3rd quarter worth about $40,000. Signaturefd LLC grew its position in Globant by 46.0% in 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 period. Finally, Van ECK Associates Corp increased its holdings in shares of Globant by 62.4% during the third quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider's stock worth $86,000 after buying an additional 153 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLOB has been the topic of several research reports. TD Cowen upped their price target on Globant from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 15th. UBS Group decreased their target price on shares of Globant from $222.00 to $217.00 and set a "neutral" rating for the company in a research report on Monday. Canaccord Genuity Group reaffirmed a "hold" rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. StockNews.com upgraded shares of Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. Finally, Susquehanna started coverage on Globant in a report on Tuesday, December 17th. They issued a "positive" rating and a $255.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Globant has a consensus rating of "Moderate Buy" and a consensus price target of $230.28.

Globant Trading Down 0.6 %

Shares of NYSE GLOB traded down $1.26 during mid-day trading on Wednesday, reaching $213.72. The company had a trading volume of 290,435 shares, compared to its average volume of 441,123. The stock has a market cap of $9.21 billion, a P/E ratio of 55.80, a PEG ratio of 2.33 and a beta of 1.39. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $245.81. The firm has a 50 day simple moving average of $216.87 and a two-hundred day simple moving average of $208.89.

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.