Voya Financial Advisors Inc. Has $880,000 Position in Globant S.A. (NYSE:GLOB)

Voya Financial Advisors Inc. reduced its stake in shares of Globant S.A. (NYSE:GLOB) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,450 shares of the information technology services provider’s stock after selling 456 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Globant were worth $880,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Quarry LP raised its position in Globant by 529.6% during the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 143 shares in the last quarter. Ridgewood Investments LLC bought a new position in Globant during the second quarter valued at approximately $31,000. ORG Partners LLC raised its position in Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 76 shares in the last quarter. American National Bank & Trust raised its position in Globant by 430.2% during the third 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 in the last quarter. Finally, Signaturefd LLC raised its position in shares of Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 92 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

Shares of Globant stock opened at $222.13 on Friday. The firm has a market capitalization of $9.57 billion, a PE ratio of 58.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37. The company’s fifty day moving average price is $216.76 and its two-hundred day moving average price is $195.22. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Citigroup boosted their price objective on shares of Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Piper Sandler reduced their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. UBS Group restated a “neutral” rating and issued a $235.00 price objective (up from $225.00) on shares of Globant in a research note on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globant in a research note on Thursday, August 22nd. They issued a “hold” rating and a $210.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.06.

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.