Allspring Global Investments Holdings LLC Has $133.89 Million Holdings in Globant S.A. (NYSE:GLOB)

Allspring Global Investments Holdings LLC trimmed its stake in Globant S.A. (NYSE:GLOB) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,149 shares of the information technology services provider’s stock after selling 4,751 shares during the period. Allspring Global Investments Holdings LLC owned about 1.46% of Globant worth $133,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GLOB. ORG Partners LLC lifted its stake 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 buying an additional 76 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Globant in the 3rd quarter valued at approximately $40,000. Signaturefd LLC lifted its position in shares of Globant by 46.0% in the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 92 shares during the period. Van ECK Associates Corp grew its holdings in shares of Globant by 62.4% during the 3rd quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider’s stock worth $86,000 after purchasing an additional 153 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Globant by 21.9% during the fourth quarter. GAMMA Investing LLC now owns 967 shares of the information technology services provider’s stock valued at $207,000 after purchasing an additional 174 shares during the period. Institutional investors own 91.60% of the company’s stock.

Globant Stock Performance

Shares of NYSE:GLOB opened at $215.58 on Wednesday. The business has a fifty day moving average of $215.91 and a 200-day moving average of $209.53. Globant S.A. has a twelve month low of $151.68 and a twelve month high of $245.15. The firm has a market cap of $9.29 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLOB. Scotiabank raised their target price on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of Globant in a report on Friday, January 24th. Citigroup upped their target price on shares of Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Piper Sandler dropped their price target on shares of Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Finally, Jefferies Financial Group lifted their price objective on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen 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 an average price target of $230.28.

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.