Charles Schwab Investment Management Inc. Purchases 2,470 Shares of Globant S.A. (NYSE:GLOB)

Charles Schwab Investment Management Inc. grew its position in Globant S.A. (NYSE:GLOBFree Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,970 shares of the information technology services provider’s stock after purchasing an additional 2,470 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Globant were worth $9,988,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GLOB. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Globant in the fourth quarter worth $490,000. Trust Point Inc. acquired a new stake in shares of Globant in the fourth quarter worth $1,741,000. DekaBank Deutsche Girozentrale grew its stake in shares of Globant by 146.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 45,190 shares of the information technology services provider’s stock worth $10,734,000 after acquiring an additional 26,850 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Globant by 112.6% in the third quarter. New York Life Investment Management LLC now owns 4,411 shares of the information technology services provider’s stock worth $873,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Globant by 68,900.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 690 shares of the information technology services provider’s stock worth $164,000 after buying an additional 689 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Globant from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Canaccord Genuity Group decreased their price target on shares of Globant from $230.00 to $175.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. Mizuho decreased their price target on shares of Globant from $279.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. TD Cowen reduced their target price on shares of Globant from $235.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, Guggenheim initiated coverage on shares of Globant in a research note on Tuesday, March 19th. They issued a “buy” rating and a $250.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Globant currently has an average rating of “Moderate Buy” and a consensus target price of $217.94.

Read Our Latest Report on Globant

Globant Trading Down 3.0 %

Shares of NYSE:GLOB opened at $160.35 on Friday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 42.09, a P/E/G ratio of 1.28 and a beta of 1.35. Globant S.A. has a 1-year low of $158.81 and a 1-year high of $251.50. The business has a 50-day moving average price of $184.33 and a two-hundred day moving average price of $210.93.

Globant Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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