Globant S.A. (NYSE:GLOB) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lowered its holdings in Globant S.A. (NYSE:GLOB) by 31.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,194 shares of the information technology services provider’s stock after selling 1,002 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Globant were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its stake in shares of Globant by 529.6% during the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 143 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Globant during the second quarter worth $31,000. ORG Partners LLC boosted its position in Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. American National Bank & Trust grew its holdings in 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 purchasing an additional 185 shares during the last quarter. Finally, Signaturefd LLC increased its position 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 buying an additional 92 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Price Performance

NYSE GLOB opened at $228.17 on Friday. The company has a market cap of $9.83 billion, a P/E ratio of 59.57, a P/E/G ratio of 2.83 and a beta of 1.39. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The company has a 50-day moving average of $214.47 and a 200-day moving average of $193.86.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 19th. Piper Sandler reduced 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. Needham & Company LLC raised their price objective on shares of Globant from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group restated a “hold” rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their target price on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $229.06.

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.