239 Shares in Globant S.A. (NYSE:GLOB) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC purchased a new stake in Globant S.A. (NYSE:GLOB – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 239 shares of the information technology services provider’s stock, valued at approximately $40,000.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Globant by 1,068.8% in the 3rd quarter. IFP Advisors Inc now owns 187 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Globant in the 1st quarter valued at approximately $72,000. Huntington National Bank grew its stake in shares of Globant by 60.0% in the 3rd quarter. Huntington National Bank now owns 416 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 156 shares during the period. Loomis Sayles & Co. L P grew its position in Globant by 22.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 468 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 85 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in Globant by 18.0% during the 4th quarter. Benjamin Edwards Inc. now owns 969 shares of the information technology services provider’s stock worth $163,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Globant Stock Performance

Globant stock opened at $178.85 on Friday. Globant S.A. has a 52 week low of $135.40 and a 52 week high of $240.00. The stock has a market capitalization of $7.59 billion, a P/E ratio of 51.69 and a beta of 1.41. The stock has a 50-day simple moving average of $153.87 and a 200 day simple moving average of $164.17.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on Globant in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their price objective on Globant from $224.00 to $221.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 14th. HSBC began coverage on Globant in a research note on Thursday, February 2nd. They set a “buy” rating and a $240.00 price objective on the stock. Needham & Company LLC began coverage on Globant in a research note on Wednesday, April 12th. They set a “buy” rating and a $205.00 price objective on the stock. Finally, KeyCorp dropped their price target on Globant from $211.00 to $201.00 in a research note on Friday, May 19th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.44.

About Globant

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Globant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.