Stephens Investment Management Group LLC Has $61.64 Million Stake in Globant S.A. (NYSE:GLOB)

Stephens Investment Management Group LLC lifted its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 287,467 shares of the information technology services provider's stock after purchasing an additional 18,889 shares during the quarter. Stephens Investment Management Group LLC owned about 0.67% of Globant worth $61,639,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GLOB. ORG Partners LLC lifted its position in shares of Globant by 65.5% during the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock worth $38,000 after buying an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Globant during the third quarter valued at approximately $40,000. Signaturefd LLC grew its holdings in Globant by 46.0% during the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock worth $58,000 after buying an additional 92 shares in the last quarter. Van ECK Associates Corp grew its holdings in 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. Finally, GAMMA Investing LLC boosted its position in Globant by 56.7% in the third quarter. GAMMA Investing LLC now owns 793 shares of the information technology services provider's stock worth $157,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Globant Price Performance

Globant stock traded up $2.69 during mid-day trading on Wednesday, reaching $218.58. The company had a trading volume of 420,701 shares, compared to its average volume of 443,549. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $243.35. The company has a market capitalization of $9.42 billion, a P/E ratio of 57.07, a P/E/G ratio of 2.46 and a beta of 1.39. The stock's 50-day simple moving average is $215.78 and its 200-day simple moving average is $209.69.

Analyst Ratings Changes

A number of brokerages recently issued reports on GLOB. Scotiabank increased their price objective on Globant from $210.00 to $220.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 19th. Susquehanna started coverage on Globant in a report on Tuesday, December 17th. They issued a "positive" rating and a $255.00 price objective for the company. Citigroup raised their price objective on Globant from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Monday, October 28th. StockNews.com raised Globant from a "sell" rating to a "hold" rating in a report on Sunday, November 24th. Finally, UBS Group cut their price objective on Globant from $222.00 to $217.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Globant has an average rating of "Moderate Buy" and a consensus target price of $230.28.

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.