54,579 Shares in Globant S.A. (NYSE:GLOB) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of Globant S.A. (NYSE:GLOB) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 54,579 shares of the information technology services provider’s stock, valued at approximately $10,814,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLOB. Franklin Resources Inc. increased its position in shares of Globant by 0.6% in the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider’s stock valued at $2,704,000 after buying an additional 71 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Globant in the 3rd quarter valued at about $40,000. Sanctuary Advisors LLC raised its position in Globant by 26.2% during the third quarter. Sanctuary Advisors LLC now owns 3,312 shares of the information technology services provider’s stock worth $656,000 after acquiring an additional 688 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Globant by 3.8% in the third quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 60 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Globant by 132.9% in the third quarter. Barclays PLC now owns 22,537 shares of the information technology services provider’s stock valued at $4,467,000 after purchasing an additional 12,862 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLOB has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and issued a $235.00 target price (up previously from $225.00) on shares of Globant in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a research report on Thursday, August 22nd. They set a “hold” rating and a $210.00 price objective for the company. Canaccord Genuity Group restated a “hold” rating and set a $205.00 price objective on shares of Globant in a report on Monday, November 18th. KeyCorp lifted their target price on shares of Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group upped their price target on shares of Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

Globant Trading Up 0.6 %

Globant stock opened at $220.98 on Friday. Globant S.A. has a 52 week low of $151.68 and a 52 week high of $251.50. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 2.72 and a beta of 1.37. The company’s 50-day moving average price is $218.91 and its two-hundred day moving average price is $196.91.

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.