Harbour Capital Advisors LLC Increases Holdings in Globant S.A. (NYSE:GLOB)

Harbour Capital Advisors LLC boosted its position in Globant S.A. (NYSE:GLOB) by 36.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,822 shares of the information technology services provider’s stock after purchasing an additional 490 shares during the period. Harbour Capital Advisors LLC’s holdings in Globant were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its position in shares of Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 143 shares in the last quarter. ORG Partners LLC increased its holdings in 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 acquiring an additional 76 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Globant during the 3rd quarter valued at about $40,000. American National Bank & Trust raised its position 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 acquiring an additional 185 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Globant by 46.0% in the third 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 in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Stock Performance

GLOB stock opened at $207.48 on Tuesday. The firm has a market cap of $8.94 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38. Globant S.A. has a 1 year low of $151.68 and a 1 year high of $251.50. The stock has a 50-day simple moving average of $221.08 and a 200-day simple moving average of $206.07.

Analysts Set New Price Targets

Several research analysts recently issued reports on GLOB shares. Citigroup lifted their price objective on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their price objective on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Susquehanna initiated coverage on Globant in a research report on Tuesday, December 17th. They set a “positive” rating and a $255.00 price objective for the company. TD Cowen upped their target price on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Piper Sandler decreased their price target on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.44.

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.