SG Americas Securities LLC Takes Position in Globant S.A. (NYSE:GLOB)

SG Americas Securities LLC purchased a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,442 shares of the information technology services provider's stock, valued at approximately $309,000.

A number of other hedge funds also recently modified their holdings of GLOB. ORG Partners LLC increased its holdings in Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock valued at $38,000 after buying an additional 76 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Globant during the 3rd quarter valued at approximately $40,000. Signaturefd LLC grew its holdings in shares of Globant by 46.0% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 92 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Globant by 62.4% during the 3rd quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider's stock valued at $86,000 after purchasing an additional 153 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Globant by 56.7% during the 3rd quarter. GAMMA Investing LLC now owns 793 shares of the information technology services provider's stock valued at $157,000 after purchasing an additional 287 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

GLOB has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Globant from $240.00 to $255.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Piper Sandler cut their target price on shares of Globant from $240.00 to $237.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Citigroup lifted their target price on shares of Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Susquehanna began coverage on shares of Globant in a research report on Tuesday, December 17th. They set a "positive" rating and a $255.00 target price on the stock. Finally, TD Cowen lifted their target price on shares of Globant from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Globant currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.28.

Globant Trading Up 0.2 %

Globant stock traded up $0.41 during midday trading on Friday, hitting $217.64. The stock had a trading volume of 613,234 shares, compared to its average volume of 440,014. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $245.81. The company has a market capitalization of $9.38 billion, a PE ratio of 56.83, a P/E/G ratio of 2.46 and a beta of 1.39. The firm's fifty day moving average is $216.10 and its two-hundred day moving average is $209.14.

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.