Here’s What Makes Globant (GLOB) A Great Investment

Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.42% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2500 Growth benchmark that delivered a -3.53% return for the same period.

U.S. SMID Company Growth Fund, in its Q3 2021 investor letter, mentioned Globant S.A. (NYSE: GLOB) and discussed its stance on the firm. Globant S.A. is a Buenos Aires, Argentina-based software development company with an $11.6 billion market capitalization. GLOB delivered a 27.92% return since the beginning of the year, while its 12-month returns are up by 55.73%. The stock closed at $278.36 per share on November 24, 2021.

Here is what U.S. SMID Company Growth Fund has to say about Globant S.A.  in its Q3 2021 investor letter:

“Globant, a provider of digital transformation to enterprises worldwide, reported a 67% increase in revenue year over year. The company continues to expand its capabilities, has a robust customer pipeline, and expects demand to increase. Globant reached more than $1 billion in revenues for a trailing twelve-month period for the first time in the company’s history.”

Photo by Austin Distel on Unsplash

Based on our calculations, Globant S.A. (NYSE: GLOB) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GLOB was in 21hedge fund portfolios at the end of the third quarter of 2021, compared to 23 funds in the previous quarter. Globant S.A. (NYSE: GLOB) delivered a -10.11% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.