Globant S.A. (NYSE:GLOB) Shares Sold by Huntington National Bank

Huntington National Bank decreased its position in shares of Globant S.A. (NYSE:GLOB) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305 shares of the information technology services provider’s stock after selling 123 shares during the quarter. Huntington National Bank’s holdings in Globant were worth $60,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Globant by 7.9% in the first quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider’s stock valued at $22,681,000 after buying an additional 8,267 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Globant by 1,079.8% during the 1st quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider’s stock worth $4,066,000 after buying an additional 18,433 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Globant by 97.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 154,538 shares of the information technology services provider’s stock valued at $27,548,000 after buying an additional 76,256 shares in the last quarter. Creative Planning grew its stake in Globant by 20.5% in the 3rd quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 351 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Globant in the 2nd quarter worth $1,319,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Trading Up 0.4 %

Shares of GLOB opened at $204.09 on Tuesday. The company’s 50-day moving average price is $208.98 and its 200 day moving average price is $191.19. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50. The firm has a market cap of $8.79 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a report on Thursday, August 22nd. They set a “hold” rating and a $210.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $235.00 target price (up previously from $225.00) on shares of Globant in a research note on Tuesday, August 20th. Finally, Scotiabank raised their price target on shares of Globant from $200.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $228.50.

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.