Globant S.A. (NYSE:GLOB) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its stake in Globant S.A. (NYSE:GLOBFree Report) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,105 shares of the information technology services provider’s stock after acquiring an additional 90 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Globant were worth $3,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CI Investments Inc. boosted its holdings in Globant by 122.0% in the 3rd quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 72 shares during the period. Cornerstone Planning Group LLC purchased a new position in Globant in the 2nd quarter worth approximately $50,000. Fortis Capital Advisors LLC purchased a new position in Globant in the 1st quarter worth approximately $55,000. Rockefeller Capital Management L.P. boosted its holdings in Globant by 303.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 375 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 282 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in Globant in the 1st quarter worth approximately $72,000. Hedge funds and other institutional investors own 91.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GLOB. KeyCorp upped their price target on Globant from $266.00 to $272.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. TheStreet upgraded Globant from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Canaccord Genuity Group reiterated a “hold” rating and set a $230.00 target price on shares of Globant in a research note on Tuesday, February 20th. Needham & Company LLC increased their target price on Globant from $215.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on Globant from $266.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

View Our Latest Analysis on Globant

Globant Price Performance

Shares of NYSE GLOB opened at $218.89 on Tuesday. Globant S.A. has a 1-year low of $135.40 and a 1-year high of $251.50. The business’s fifty day moving average price is $232.00 and its two-hundred day moving average price is $211.83. The firm has a market capitalization of $9.46 billion, a PE ratio of 60.30, a P/E/G ratio of 1.66 and a beta of 1.36.

About Globant

(Free Report)

Globant SA operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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