Globant S.A. (NYSE:GLOB) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its position in Globant S.A. (NYSE:GLOB) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,816 shares of the information technology services provider’s stock after acquiring an additional 122 shares during the period. National Bank of Canada FI’s holdings in Globant were worth $756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLOB. Stifel Financial Corp lifted its position in Globant by 0.7% in the third quarter. Stifel Financial Corp now owns 42,529 shares of the information technology services provider’s stock valued at $8,427,000 after purchasing an additional 282 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Globant by 14.0% in the 3rd quarter. Quantinno Capital Management LP now owns 1,502 shares of the information technology services provider’s stock valued at $298,000 after buying an additional 185 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Globant by 66.4% in the third quarter. IHT Wealth Management LLC now owns 5,360 shares of the information technology services provider’s stock valued at $1,059,000 after buying an additional 2,138 shares in the last quarter. Janus Henderson Group PLC raised its position in Globant by 27.5% in the third quarter. Janus Henderson Group PLC now owns 40,586 shares of the information technology services provider’s stock worth $8,039,000 after acquiring an additional 8,743 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Globant in the third quarter valued at $885,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Stock Performance

Shares of GLOB opened at $216.78 on Friday. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The company’s 50 day simple moving average is $219.84 and its 200 day simple moving average is $197.64. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 56.60, a PEG ratio of 2.72 and a beta of 1.37.

Analyst Ratings Changes

A number of research firms have recently weighed in on GLOB. Needham & Company LLC upped their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globant in a research report on Thursday, August 22nd. They set a “hold” rating and a $210.00 price target for the company. Jefferies Financial Group upped their price target on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Scotiabank boosted their target price on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

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.