Globant (NYSE:GLOB) Upgraded at StockNews.com

StockNews.com upgraded shares of Globant (NYSE:GLOB) from a sell rating to a hold rating in a research report released on Sunday.

A number of other brokerages also recently issued reports on GLOB. Needham & Company LLC boosted their price objective on Globant from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price target on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen upped their price target on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group restated a “hold” rating and issued a $205.00 price target on shares of Globant in a research note on Monday, November 18th. Finally, Jefferies Financial Group upped their price target on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Globant presently has a consensus rating of “Moderate Buy” and an average target price of $229.06.

Globant Trading Down 0.6 %

Shares of NYSE:GLOB opened at $229.55 on Friday. The stock has a 50 day moving average of $212.97 and a 200 day moving average of $193.24. The company has a market cap of $9.89 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Globant has a 12-month low of $151.68 and a 12-month high of $251.50.

Institutional Trading of Globant

Institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its position in Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after buying an additional 143 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Globant during the second quarter valued at $31,000. BOKF NA boosted its stake in shares of Globant by 15,800.0% during the first quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 158 shares during the period. ORG Partners LLC grew 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 worth $38,000 after purchasing an additional 76 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Globant in the 3rd quarter worth about $40,000. 91.60% of the stock is currently owned by institutional investors.

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.