PUREfi Wealth LLC Purchases Shares of 956 Globant S.A. (NYSE:GLOB)

PUREfi Wealth LLC purchased a new stake in shares of Globant S.A. (NYSE:GLOB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 956 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other large investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Globant by 4,810.0% during the 4th quarter. Blue Trust Inc. now owns 491 shares of the information technology services provider’s stock valued at $105,000 after acquiring an additional 481 shares during the last quarter. Shaker Investments LLC OH bought a new stake in shares of Globant during the 4th quarter valued at about $556,000. Stephens Inc. AR boosted its position in shares of Globant by 9.1% during the 4th quarter. Stephens Inc. AR now owns 2,769 shares of the information technology services provider’s stock valued at $594,000 after acquiring an additional 230 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Globant by 7.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 287,467 shares of the information technology services provider’s stock valued at $61,639,000 after acquiring an additional 18,889 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of Globant during the 4th quarter valued at about $608,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLOB. JPMorgan Chase & Co. lifted their price target on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen boosted their target price on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Susquehanna started coverage on Globant in a research report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price for the company. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of Globant in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Globant presently has a consensus rating of “Moderate Buy” and an average price target of $230.28.

Globant Stock Performance

GLOB opened at $224.28 on Friday. The stock has a market capitalization of $9.66 billion, a PE ratio of 58.56, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39. The stock’s 50 day moving average price is $215.67 and its 200-day moving average price is $210.21. Globant S.A. has a 52-week low of $151.68 and a 52-week high of $243.35.

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.