Vanguard Personalized Indexing Management LLC Has $312,000 Stake in Globant S.A. (NYSE:GLOB)

Vanguard Personalized Indexing Management LLC reduced its holdings in Globant S.A. (NYSE:GLOBFree Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,309 shares of the information technology services provider’s stock after selling 72 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Globant were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Globant during the 4th quarter worth about $490,000. Trust Point Inc. bought a new stake in Globant in the fourth quarter valued at approximately $1,741,000. DekaBank Deutsche Girozentrale raised its holdings in Globant by 146.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 45,190 shares of the information technology services provider’s stock worth $10,734,000 after purchasing an additional 26,850 shares during the period. New York Life Investment Management LLC boosted its position in shares of Globant by 112.6% during the third quarter. New York Life Investment Management LLC now owns 4,411 shares of the information technology services provider’s stock worth $873,000 after purchasing an additional 2,336 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Globant by 68,900.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 690 shares of the information technology services provider’s stock valued at $164,000 after buying an additional 689 shares during the period. 91.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on GLOB shares. Canaccord Genuity Group reduced their target price on Globant from $230.00 to $175.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Redburn Atlantic assumed coverage on Globant in a report on Friday. They set a “sell” rating and a $135.00 price objective on the stock. Mizuho lowered their target price on Globant from $279.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Wedbush cut their price target on shares of Globant from $250.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, May 17th. Finally, Citigroup reduced their price target on shares of Globant from $235.00 to $215.00 and set a “buy” rating for the company in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.50.

Get Our Latest Stock Report on GLOB

Globant Stock Down 3.0 %

NYSE:GLOB opened at $166.49 on Monday. Globant S.A. has a twelve month low of $160.12 and a twelve month high of $251.50. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. The stock’s 50 day moving average price is $187.61 and its two-hundred day moving average price is $211.75.

About Globant

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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