15,814 Shares in Globant SA (GLOB) Purchased by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in Globant SA (NYSE:GLOB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,814 shares of the information technology services provider’s stock, valued at approximately $735,000.

A number of other large investors also recently made changes to their positions in the business. Standard Life Aberdeen plc lifted its holdings in Globant by 215.9% in the fourth quarter. Standard Life Aberdeen plc now owns 1,012,353 shares of the information technology services provider’s stock valued at $47,034,000 after acquiring an additional 691,866 shares during the period. RWC Asset Management LLP lifted its holdings in Globant by 81.1% in the fourth quarter. RWC Asset Management LLP now owns 781,389 shares of the information technology services provider’s stock valued at $36,303,000 after acquiring an additional 349,973 shares during the period. Compass Group LLC acquired a new position in Globant in the fourth quarter valued at approximately $33,466,000. Mackenzie Financial Corp lifted its holdings in Globant by 37.0% in the fourth quarter. Mackenzie Financial Corp now owns 587,619 shares of the information technology services provider’s stock valued at $27,301,000 after acquiring an additional 158,800 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Globant by 124.2% during the 4th quarter. Millennium Management LLC now owns 549,633 shares of the information technology services provider’s stock worth $25,536,000 after buying an additional 304,457 shares during the period. 68.19% of the stock is owned by institutional investors.

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Globant SA (NYSE:GLOB) opened at $51.79 on Friday. The firm has a market capitalization of $1,878.55, a P/E ratio of 61.52 and a beta of 0.51. Globant SA has a 52 week low of $33.56 and a 52 week high of $54.84.

Several research analysts have recently weighed in on GLOB shares. Zacks Investment Research raised Globant from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $54.00 target price (up from $50.00) on shares of Globant in a research note on Tuesday, February 20th. SunTrust Banks upped their target price on Globant to $52.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. They noted that the move was a valuation call. Finally, ValuEngine downgraded Globant from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Globant has an average rating of “Hold” and an average target price of $49.57.

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About Globant

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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