Globant S.A. (NYSE:GLOB) Stock Position Raised by Artemis Investment Management LLP

Artemis Investment Management LLP grew its holdings in shares of Globant S.A. (NYSE:GLOB) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 owned 0.06% of Globant worth $5,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GLOB. Dimensional Fund Advisors LP lifted its stake in Globant by 57.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider’s stock worth $78,851,000 after acquiring an additional 161,512 shares in the last quarter. Edgestream Partners L.P. grew its stake in Globant by 14.6% in the 2nd quarter. Edgestream Partners L.P. now owns 3,277 shares of the information technology services provider’s stock valued at $584,000 after buying an additional 418 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Globant by 22.8% in the second quarter. Hsbc Holdings PLC now owns 73,603 shares of the information technology services provider’s stock worth $13,140,000 after purchasing an additional 13,674 shares during the period. XTX Topco Ltd bought a new stake in shares of Globant in the second quarter valued at approximately $804,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Globant by 7.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,296 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLOB has been the subject of several research reports. Citigroup raised their target price on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. TD Cowen raised their target price on Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC boosted their price target on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Piper Sandler decreased 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.44.

Globant Stock Performance

GLOB opened at $213.48 on Monday. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50. The business’s 50-day simple moving average is $220.21 and its 200 day simple moving average is $207.10. The firm has a market capitalization of $9.20 billion, a PE ratio of 55.74, a PEG ratio of 2.26 and a beta of 1.38.

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.