Artemis Investment Management LLP Buys 2,747 Shares of Globant S.A. (NYSE:GLOB)

Artemis Investment Management LLP grew its stake in Globant S.A. (NYSE:GLOB) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,934 shares of the information technology services provider’s stock after buying an additional 2,747 shares during the period. Artemis Investment Management LLP’s holdings in Globant were worth $5,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quarry LP raised its holdings in Globant by 529.6% during the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. ORG Partners LLC raised 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 worth $38,000 after buying an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Globant in the third quarter valued at $40,000. American National Bank & Trust boosted 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 valued at $45,000 after acquiring an additional 185 shares during the last quarter. Finally, Signaturefd LLC grew its holdings 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 during the period. 91.60% of the stock is currently owned by institutional investors.

Globant Price Performance

NYSE GLOB opened at $213.48 on Monday. The company has a fifty day moving average price of $220.21 and a 200-day moving average price of $207.10. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 55.74, a PEG ratio of 2.26 and a beta of 1.38. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLOB. TD Cowen boosted their price objective on Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. JPMorgan Chase & Co. lifted their price objective on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group reiterated a “hold” rating and set a $205.00 target price on shares of Globant in a research report on Monday, November 18th. Finally, Piper Sandler reduced 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.44.

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.