Barclays PLC Acquires 12,862 Shares of Globant S.A. (NYSE:GLOB)

Barclays PLC lifted its holdings in shares of Globant S.A. (NYSE:GLOB) by 132.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,537 shares of the information technology services provider’s stock after acquiring an additional 12,862 shares during the quarter. Barclays PLC owned approximately 0.05% of Globant worth $4,467,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP increased its holdings in shares of Globant by 529.6% in the second 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. Ridgewood Investments LLC acquired a new position in Globant in the 2nd quarter valued at about $31,000. ORG Partners LLC raised its holdings in Globant by 65.5% in the 3rd 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. American National Bank & Trust lifted its position in Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after acquiring an additional 185 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings 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 worth $58,000 after acquiring an additional 92 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GLOB. Canaccord Genuity Group reissued a “hold” rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. Citigroup lifted their target price on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Needham & Company LLC upped their price target on shares of Globant from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Susquehanna began coverage on shares of Globant in a research note on Tuesday, December 17th. They issued a “positive” rating and a $255.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on shares of Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.44.

Globant Price Performance

Globant stock opened at $221.49 on Friday. The business has a 50 day moving average of $221.29 and a 200-day moving average of $199.83. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The company has a market capitalization of $9.54 billion, a P/E ratio of 57.83, a P/E/G ratio of 2.72 and a beta of 1.37.

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.