Globant S.A. (NYSE:GLOB) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Globant S.A. (NYSE:GLOB) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 967 shares of the information technology services provider’s stock after acquiring an additional 174 shares during the quarter. GAMMA Investing LLC’s holdings in Globant were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its stake in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. ORG Partners LLC raised its position 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 buying an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Globant in the third quarter worth about $40,000. American National Bank & Trust lifted its stake in shares of 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 buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Globant by 46.0% during the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 92 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Trading Down 2.8 %

Shares of NYSE GLOB opened at $214.34 on Wednesday. The stock has a market capitalization of $9.24 billion, a PE ratio of 55.96, a PEG ratio of 2.67 and a beta of 1.38. Globant S.A. has a twelve month low of $151.68 and a twelve month high of $251.50. The stock has a fifty day simple moving average of $221.28 and a 200-day simple moving average of $204.80.

Analyst Upgrades and Downgrades

GLOB has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Citigroup lifted their price objective on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Susquehanna assumed coverage on Globant in a report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price for the company. TD Cowen lifted their price target on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Globant has an average rating of “Moderate Buy” and a consensus target price of $230.44.

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.