Segall Bryant & Hamill LLC Has $5.03 Million Stake in Globant S.A. (NYSE:GLOB)

Segall Bryant & Hamill LLC lowered its position in Globant S.A. (NYSE:GLOB) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,404 shares of the information technology services provider’s stock after selling 1,036 shares during the period. Segall Bryant & Hamill LLC owned 0.06% of Globant worth $5,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. BOKF NA raised its position in Globant by 15,800.0% in the 1st quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 158 shares during the last quarter. Quarry LP grew its holdings in shares of Globant by 529.6% during the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Globant in the second quarter valued at $31,000. ORG Partners LLC raised its holdings in shares of Globant by 65.5% in the third 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 last quarter. Finally, American National Bank & Trust grew its holdings in Globant by 430.2% during the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after acquiring an additional 185 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank upped their price objective on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a report on Tuesday. Jefferies Financial Group lifted their target price on Globant from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, September 9th. KeyCorp upped their price target on Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Citigroup lifted their price objective on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Globant has a consensus rating of “Moderate Buy” and an average target price of $229.06.

Globant Stock Up 3.0 %

Shares of GLOB stock opened at $229.28 on Friday. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50. The firm has a fifty day moving average of $210.11 and a 200-day moving average of $191.90. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.55 and a beta of 1.39.

About Globant

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.