BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $9.21 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Globant S.A. (NYSE:GLOB) by 74.5% in the 3rd quarter, Holdings Channel reports. The firm owned 46,500 shares of the information technology services provider’s stock after acquiring an additional 19,854 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Globant were worth $9,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLOB. Quarry LP grew its holdings 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 purchasing an additional 143 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Globant during the second quarter worth $31,000. ORG Partners LLC increased its holdings 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 buying an additional 76 shares in the last quarter. American National Bank & Trust lifted its stake in shares of Globant by 430.2% in the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 185 shares during the last quarter. Finally, Signaturefd LLC boosted 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 acquiring an additional 92 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on GLOB. UBS Group reaffirmed a “neutral” rating and issued a $235.00 target price (up previously from $225.00) on shares of Globant in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Globant in a report on Thursday, August 22nd. They issued a “hold” rating and a $210.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $205.00 price target on shares of Globant in a research note on Monday, November 18th. Finally, Needham & Company LLC boosted their price objective on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.06.

Globant Stock Performance

Shares of GLOB opened at $227.76 on Monday. The firm has a market cap of $9.81 billion, a PE ratio of 59.47, a price-to-earnings-growth ratio of 2.81 and a beta of 1.39. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50. The business’s 50 day moving average price is $214.47 and its two-hundred day moving average price is $194.10.

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.