Sanctuary Advisors LLC Raises Holdings in Globant S.A. (NYSE:GLOB)

Sanctuary Advisors LLC boosted its stake in Globant S.A. (NYSE:GLOB) by 26.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,312 shares of the information technology services provider’s stock after purchasing an additional 688 shares during the period. Sanctuary Advisors LLC’s holdings in Globant were worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Equitable Trust Co. grew its holdings in shares of Globant by 1.1% in the third quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock worth $902,000 after purchasing an additional 50 shares during the last quarter. M&T Bank Corp grew its holdings in Globant by 3.8% in the 3rd quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider’s stock worth $326,000 after acquiring an additional 60 shares during the last quarter. ORG Partners LLC increased 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 acquiring an additional 76 shares during the period. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Globant by 6.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the information technology services provider’s stock worth $352,000 after purchasing an additional 118 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GLOB. TD Cowen boosted their price target on Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. Scotiabank upped their target price on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a report on Tuesday, November 19th. Needham & Company LLC raised their price target on Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler decreased their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Finally, Susquehanna initiated coverage on shares of Globant in a research report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Globant currently has an average rating of “Moderate Buy” and an average price target of $230.44.

Globant Trading Down 0.0 %

Shares of NYSE:GLOB opened at $219.46 on Wednesday. The stock has a fifty day simple moving average of $221.45 and a two-hundred day simple moving average of $200.60. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 57.30, a PEG ratio of 2.72 and a beta of 1.37.

About Globant

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.