Sora Investors LLC Has $13.87 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Sora Investors LLC trimmed its stake in shares of Globant S.A. (NYSE:GLOB) by 19.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the information technology services provider’s stock after selling 16,825 shares during the quarter. Globant accounts for 2.4% of Sora Investors LLC’s portfolio, making the stock its 15th largest holding. Sora Investors LLC’s holdings in Globant were worth $13,870,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GLOB. Equitable Trust Co. grew its stake in Globant by 1.1% during the third quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock worth $902,000 after buying an additional 50 shares during the last quarter. 17 Capital Partners LLC grew its position in Globant by 1.6% during the 2nd quarter. 17 Capital Partners LLC now owns 3,455 shares of the information technology services provider’s stock worth $616,000 after acquiring an additional 55 shares during the last quarter. ORG Partners LLC increased its holdings in Globant by 65.5% during the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Signaturefd LLC boosted its stake in Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Globant by 6.3% in 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 in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Trading Down 1.3 %

Shares of Globant stock opened at $222.13 on Friday. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The company has a market capitalization of $9.57 billion, a PE ratio of 58.00, a PEG ratio of 2.74 and a beta of 1.37. The stock’s fifty day simple moving average is $216.76 and its 200 day simple moving average is $195.22.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GLOB shares. Piper Sandler cut their price target on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Friday, November 15th. UBS Group reiterated a “neutral” rating and set a $235.00 target price (up from $225.00) on shares of Globant in a research report on Tuesday, August 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $205.00 price target on shares of Globant in a report on Monday, November 18th. TD Cowen upped their price objective on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a research report on Thursday, August 22nd. They issued a “hold” rating and a $210.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.06.

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.