Globant S.A. (NYSE:GLOB) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd decreased its holdings in shares of Globant S.A. (NYSE:GLOB) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,539 shares of the information technology services provider’s stock after selling 13,350 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Globant were worth $19,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP raised its holdings in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Globant by 65.5% in the third 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Globant during the third quarter worth approximately $40,000. American National Bank & Trust boosted its stake in Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after buying an additional 185 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Globant by 46.0% in the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 92 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLOB has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. Canaccord Genuity Group restated a “hold” rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. Needham & Company LLC upped their price objective on Globant from $245.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Scotiabank increased their price objective on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.44.

Globant Price Performance

Shares of NYSE:GLOB opened at $216.73 on Friday. The firm’s 50-day moving average is $220.56 and its two-hundred day moving average is $206.41. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The firm has a market capitalization of $9.34 billion, a PE ratio of 56.59, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38.

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.