PNC Financial Services Group Inc. Sells 159 Shares of Globant S.A. (NYSE:GLOB)

PNC Financial Services Group Inc. lowered its stake in Globant S.A. (NYSE:GLOB) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,695 shares of the information technology services provider’s stock after selling 159 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Globant were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GLOB. Equitable Trust Co. increased its holdings in Globant by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock worth $902,000 after acquiring an additional 50 shares in the last quarter. 17 Capital Partners LLC increased its stake in shares of Globant by 1.6% in the second quarter. 17 Capital Partners LLC now owns 3,455 shares of the information technology services provider’s stock worth $616,000 after purchasing an additional 55 shares in the last quarter. ORG Partners LLC raised its position in shares of Globant by 65.5% during 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. Signaturefd LLC raised its position in shares of Globant by 46.0% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 92 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Globant by 6.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the information technology services provider’s stock valued at $352,000 after buying an additional 118 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GLOB shares. Scotiabank raised their price target on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a report on Tuesday, November 19th. UBS Group reissued a “neutral” rating and issued a $235.00 price target (up from $225.00) on shares of Globant in a report on Tuesday, August 20th. Piper Sandler cut their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. boosted their target price on shares of Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their target price on shares of Globant from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Globant currently has an average rating of “Moderate Buy” and a consensus target price of $229.06.

Globant Stock Down 0.6 %

Shares of GLOB opened at $229.55 on Friday. The business has a fifty day moving average of $213.69 and a 200 day moving average of $193.49. The company has a market cap of $9.89 billion, a PE ratio of 59.93, a P/E/G ratio of 2.85 and a beta of 1.39. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $251.50.

Globant 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.