4,436 Shares in Globant S.A. (NYSE:GLOB) Bought by Chicago Capital LLC

Chicago Capital LLC purchased a new stake in shares of Globant S.A. (NYSE:GLOB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,436 shares of the information technology services provider’s stock, valued at approximately $951,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Equitable Trust Co. increased its holdings in Globant by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock valued at $902,000 after purchasing an additional 50 shares in the last quarter. M&T Bank Corp boosted its position in shares of Globant by 3.8% in the third quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider’s stock worth $326,000 after buying an additional 60 shares during the period. Franklin Resources Inc. grew its stake in shares of Globant by 0.6% in the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider’s stock valued at $2,704,000 after buying an additional 71 shares in the last quarter. ORG Partners LLC raised its holdings in shares of 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 buying an additional 76 shares during the period. Finally, Signaturefd LLC lifted its position in Globant by 46.0% during the 3rd 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. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Stock Performance

Globant stock opened at $211.90 on Tuesday. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $248.94. The firm’s 50-day moving average is $217.57 and its 200-day moving average is $208.64. The company has a market cap of $9.13 billion, a P/E ratio of 55.33, a PEG ratio of 2.33 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. Canaccord Genuity Group reiterated a “hold” rating and issued a $205.00 price objective on shares of Globant in a report on Monday, November 18th. Citigroup raised 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. Scotiabank boosted their price target on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of Globant in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.28.

Globant 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.