Shaker Investments LLC OH Purchases Shares of 2,593 Globant S.A. (NYSE:GLOB)

Shaker Investments LLC OH acquired a new stake in Globant S.A. (NYSE:GLOB) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,593 shares of the information technology services provider’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings in Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Globant during the 3rd quarter worth $40,000. Signaturefd LLC lifted its position in 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 acquiring an additional 92 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Globant by 62.4% during the third quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider’s stock worth $86,000 after purchasing an additional 153 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Globant by 21.9% during the fourth quarter. GAMMA Investing LLC now owns 967 shares of the information technology services provider’s stock worth $207,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GLOB. Scotiabank lifted their price target on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. TD Cowen increased their price target on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. UBS Group dropped their price objective on shares of Globant from $222.00 to $217.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $205.00 price objective on shares of Globant in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Globant presently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Globant Stock Performance

GLOB stock opened at $216.28 on Tuesday. Globant S.A. has a one year low of $151.68 and a one year high of $245.15. The company has a 50 day moving average price of $216.10 and a two-hundred day moving average price of $209.39. The stock has a market capitalization of $9.32 billion, a P/E ratio of 56.47, a PEG ratio of 2.46 and a beta of 1.39.

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.