Orion Portfolio Solutions LLC Sells 403 Shares of Globant S.A. (NYSE:GLOB)

Orion Portfolio Solutions LLC cut its holdings in Globant S.A. (NYSE:GLOB) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,038 shares of the information technology services provider’s stock after selling 403 shares during the period. Orion Portfolio Solutions LLC’s holdings in Globant were worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP lifted its holdings in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Globant during the 2nd quarter valued at approximately $31,000. ORG Partners LLC grew 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 purchasing an additional 76 shares in the last quarter. American National Bank & Trust increased its position in Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 185 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Globant by 46.0% during 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 in the last quarter. 91.60% of the stock is owned by institutional investors.

Globant Stock Performance

Shares of GLOB stock opened at $219.68 on Friday. Globant S.A. has a fifty-two week low of $151.68 and a fifty-two week high of $251.50. The firm has a market capitalization of $9.47 billion, a PE ratio of 57.36, a P/E/G ratio of 2.83 and a beta of 1.37. The stock’s 50-day simple moving average is $218.91 and its 200-day simple moving average is $196.91.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GLOB shares. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. JPMorgan Chase & Co. increased their target price on shares of Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. KeyCorp lifted their price objective 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 target price on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Globant presently has an average rating of “Moderate Buy” and a consensus target price 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.