Globant S.A. (NYSE:GLOB) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI raised its stake in shares of Globant S.A. (NYSE:GLOB) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,816 shares of the information technology services provider’s stock after purchasing an additional 122 shares during the quarter. National Bank of Canada FI’s holdings in Globant were worth $756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Globant by 20.5% during the 3rd quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after buying an additional 351 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Globant during the third quarter valued at about $11,145,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Globant by 18.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,816 shares of the information technology services provider’s stock worth $10,663,000 after acquiring an additional 8,427 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Globant by 97.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 154,538 shares of the information technology services provider’s stock worth $27,548,000 after purchasing an additional 76,256 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Globant in the 2nd quarter valued at about $1,319,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Price Performance

GLOB opened at $216.78 on Friday. The stock has a market capitalization of $9.34 billion, a PE ratio of 56.60, a P/E/G ratio of 2.72 and a beta of 1.37. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50. The firm’s fifty day moving average price is $219.84 and its 200 day moving average price is $197.64.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GLOB shares. TD Cowen increased their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Globant in a research note on Thursday, August 22nd. They issued a “hold” rating and a $210.00 target price on the stock. UBS Group reaffirmed a “neutral” rating and set a $235.00 price target (up from $225.00) on shares of Globant in a research report on Tuesday, August 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. Finally, Piper Sandler reduced their price objective on Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $229.00.

Globant Company 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.