OneDigital Investment Advisors LLC Sells 214 Shares of Globant S.A. (NYSE:GLOB)

OneDigital Investment Advisors LLC decreased its holdings in Globant S.A. (NYSE:GLOB) by 12.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,464 shares of the information technology services provider’s stock after selling 214 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Globant were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GLOB. Vanguard Group Inc. increased its stake in shares of Globant by 7.9% during the first quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider’s stock worth $22,681,000 after purchasing an additional 8,267 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Globant during the first quarter valued at approximately $196,000. PEAK6 Investments LLC bought a new stake in Globant during the first quarter worth $858,000. GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in shares of Globant by 5.7% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 11,960 shares of the information technology services provider’s stock valued at $2,415,000 after purchasing an additional 650 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Globant in the 1st quarter valued at $2,918,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLOB has been the topic of a number of research reports. Citigroup boosted their target price 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. StockNews.com cut Globant from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Jefferies Financial Group increased their target price on Globant from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a report on Thursday, August 22nd. They set a “hold” rating and a $210.00 price target on the stock. Finally, TD Cowen raised their price objective on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Globant currently has an average rating of “Moderate Buy” and an average price target of $229.06.

Globant Stock Up 3.1 %

Shares of GLOB stock opened at $222.37 on Friday. The company’s fifty day simple moving average is $209.61 and its two-hundred day simple moving average is $191.69. 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 $9.58 billion, a P/E ratio of 56.32, a PEG ratio of 2.55 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.