Globant S.A. (NYSE:GLOB) Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its position in shares of Globant S.A. (NYSE:GLOB) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,870 shares of the information technology services provider’s stock after acquiring an additional 1,401 shares during the period. Hantz Financial Services Inc.’s holdings in Globant were worth $2,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Globant by 4,020.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 51,504 shares of the information technology services provider’s stock worth $11,043,000 after purchasing an additional 50,254 shares during the last quarter. Matthews International Capital Management LLC boosted its holdings in Globant by 27.8% during the fourth quarter. Matthews International Capital Management LLC now owns 2,706 shares of the information technology services provider’s stock worth $580,000 after buying an additional 589 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in Globant by 38.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,699 shares of the information technology services provider’s stock worth $793,000 after buying an additional 1,019 shares during the last quarter. Jacksonville Wealth Management LLC bought a new position in shares of Globant in the fourth quarter valued at $334,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Globant by 10.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,260 shares of the information technology services provider’s stock valued at $3,486,000 after acquiring an additional 1,573 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Down 0.7 %

GLOB stock opened at $206.63 on Friday. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 2.26 and a beta of 1.38. The firm has a 50 day moving average of $218.20 and a two-hundred day moving average of $208.39. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GLOB shares. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Scotiabank upped their price objective 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. Citigroup raised their target price on shares of Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, October 28th. 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 research report on Friday, November 15th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Globant currently has a consensus rating of “Moderate Buy” and an average price target of $231.28.

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.