Hantz Financial Services Inc. Purchases 1,401 Shares of Globant S.A. (NYSE:GLOB)

Hantz Financial Services Inc. lifted its holdings in Globant S.A. (NYSE:GLOB) by 16.5% during the fourth quarter, HoldingsChannel reports. The firm owned 9,870 shares of the information technology services provider’s stock after purchasing an additional 1,401 shares during the period. Hantz Financial Services Inc.’s holdings in Globant were worth $2,116,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in shares of Globant during the second quarter worth approximately $1,319,000. Quarry LP increased its position in Globant by 529.6% during the second 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. Cetera Investment Advisers raised its stake in Globant by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 21,327 shares of the information technology services provider’s stock valued at $3,802,000 after purchasing an additional 1,187 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Globant by 28.4% in the 2nd quarter. Clearbridge Investments LLC now owns 339,790 shares of the information technology services provider’s stock valued at $60,571,000 after purchasing an additional 75,192 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Globant in the 2nd quarter worth $474,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GLOB shares. Scotiabank increased their target price on shares of Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group boosted their price objective on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Piper Sandler reduced their target price on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. TD Cowen lifted their price target on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.28.

Globant Stock Down 0.7 %

Shares of NYSE GLOB opened at $206.63 on Friday. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50. The firm’s 50-day simple moving average is $218.20 and its 200 day simple moving average is $208.39. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 53.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38.

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.