Diversified Trust Co Buys Shares of 2,542 Globant S.A. (NYSE:GLOB)

Diversified Trust Co purchased a new position in shares of Globant S.A. (NYSE:GLOB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,542 shares of the information technology services provider’s stock, valued at approximately $545,000.

A number of other institutional investors have also modified their holdings of the company. Quarry LP grew its stake in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 143 shares during the period. ORG Partners LLC boosted its holdings in shares of Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Globant during the third quarter worth $40,000. American National Bank & Trust grew its position in shares of Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC increased 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 valued at $58,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Stock Down 2.5 %

GLOB opened at $208.09 on Friday. The firm has a market capitalization of $8.97 billion, a P/E ratio of 54.33, a P/E/G ratio of 2.67 and a beta of 1.38. The firm’s 50 day moving average is $221.17 and its 200-day moving average is $205.45. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler decreased their price target on Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their target price on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC increased their price target on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. TD Cowen lifted their price target on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Susquehanna assumed coverage on Globant in a research report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $230.44.

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.