Chicago Capital LLC Takes Position in Globant S.A. (NYSE:GLOB)

Chicago Capital LLC bought a new position in shares of Globant S.A. (NYSE:GLOB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,436 shares of the information technology services provider’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLOB. Quarry LP boosted its position in shares of 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 period. ORG Partners LLC lifted its stake in Globant by 65.5% during 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Globant in the third quarter worth about $40,000. Signaturefd LLC increased its position in shares of 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 acquiring an additional 92 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Globant by 62.4% during the third quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider’s stock valued at $86,000 after acquiring an additional 153 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Price Performance

NYSE GLOB opened at $211.90 on Tuesday. The firm has a market cap of $9.13 billion, a P/E ratio of 55.33, a price-to-earnings-growth ratio of 2.33 and a beta of 1.39. The stock’s 50-day moving average is $217.57 and its two-hundred day moving average is $208.64. Globant S.A. has a fifty-two week low of $151.68 and a fifty-two week high of $248.94.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a research note on Monday. Canaccord Genuity Group reiterated a “hold” rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup lifted their target price on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Piper Sandler decreased their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Globant Company 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.