Hantz Financial Services Inc. Sells 458 Shares of Globant S.A. (NYSE:GLOB)

Hantz Financial Services Inc. cut its stake in Globant S.A. (NYSE:GLOB) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,469 shares of the information technology services provider’s stock after selling 458 shares during the period. Hantz Financial Services Inc.’s holdings in Globant were worth $1,678,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in Globant by 529.6% in the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares during the period. Ridgewood Investments LLC bought a new stake in Globant in the 2nd quarter worth $31,000. ORG Partners LLC increased its position 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 acquiring an additional 76 shares during the period. American National Bank & Trust increased its position in shares of Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 185 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Globant by 46.0% during the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp upped their price target on Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group restated a “neutral” rating and set a $235.00 target price (up previously from $225.00) on shares of Globant in a report on Tuesday, August 20th. Piper Sandler cut their price target on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. TD Cowen upped their price objective on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Globant presently has a consensus rating of “Moderate Buy” and an average target price of $229.06.

Globant Stock Down 0.8 %

NYSE:GLOB opened at $227.76 on Friday. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 2.83 and a beta of 1.39. The company’s 50 day moving average price is $214.47 and its 200-day moving average price is $193.99. Globant S.A. has a 52 week low of $151.68 and a 52 week high of $251.50.

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.