Centiva Capital LP acquired a new stake in shares of Globant S.A. (NYSE:GLOB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,468 shares of the information technology services provider's stock, valued at approximately $885,000.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Globant by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider's stock valued at $22,681,000 after buying an additional 8,267 shares during the period. Cetera Investment Advisers increased its holdings in shares of Globant by 1,079.8% in the first quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider's stock worth $4,066,000 after acquiring an additional 18,433 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Globant during the first quarter worth about $297,000. GAMMA Investing LLC lifted its holdings in shares of Globant by 82.0% during the 2nd quarter. GAMMA Investing LLC now owns 506 shares of the information technology services provider's stock valued at $90,000 after purchasing an additional 228 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Globant by 4.7% in the 2nd quarter. Park Avenue Securities LLC now owns 7,969 shares of the information technology services provider's stock valued at $1,421,000 after purchasing an additional 357 shares during the period. Institutional investors own 91.60% of the company's stock.
GLOB has been the topic of several research analyst reports. Scotiabank raised their target price on shares of Globant from $210.00 to $220.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a research report on Thursday, August 22nd. They issued a "hold" rating and a $210.00 price objective on the stock. KeyCorp increased their target price on Globant from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Jefferies Financial Group boosted their price target on Globant from $235.00 to $240.00 and gave the company a "buy" rating in a report on Monday, September 9th. Finally, StockNews.com raised Globant from a "sell" rating to a "hold" rating in a research report on Sunday, November 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $229.06.
Check Out Our Latest Stock Report on Globant
Shares of GLOB opened at $222.13 on Friday. The company's fifty day simple moving average is $216.76 and its 200 day simple moving average is $195.22. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 58.00, a PEG ratio of 2.74 and a beta of 1.37.
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.
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