Stephens Investment Management Group LLC Buys 18,889 Shares of Globant S.A. (NYSE:GLOB)

Stephens Investment Management Group LLC increased its stake in shares of Globant S.A. (NYSE:GLOB) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 287,467 shares of the information technology services provider’s stock after acquiring an additional 18,889 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Globant were worth $61,639,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GLOB. Sanctuary Advisors LLC bought a new stake in Globant in the 2nd quarter valued at $474,000. GAMMA Investing LLC boosted its holdings in Globant by 56.7% in the 3rd quarter. GAMMA Investing LLC now owns 793 shares of the information technology services provider’s stock valued at $157,000 after purchasing an additional 287 shares during the period. ORG Partners LLC boosted 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 purchasing an additional 76 shares during the period. Creative Planning increased its holdings in shares of Globant by 20.5% during the third quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 351 shares during the period. Finally, Bfsg LLC bought a new position in shares of Globant during the third quarter worth approximately $986,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Scotiabank increased their target price on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of Globant in a research note on Friday, January 24th. JPMorgan Chase & Co. raised 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. Finally, UBS Group cut their price target on shares of Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.28.

Globant Stock Performance

GLOB stock opened at $217.64 on Friday. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $245.81. The company has a market capitalization of $9.38 billion, a P/E ratio of 56.83, a PEG ratio of 2.46 and a beta of 1.39. The company has a fifty day moving average price of $216.10 and a 200-day moving average price of $209.14.

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.