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Is Globant (GLOB) A Smart Long-Term Buy?

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  • GLOB
  • ^RUT

Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 1.94% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2000 Growth benchmark that delivered a -5.64% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Polen U.S. Small Company Growth, 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 $11.7 billion market capitalization. GLOB delivered a 30.31% return since the beginning of the year, while its 12-month returns are up by 49.93%. The stock closed at $283.57 per share on November 22, 2021.

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

"In terms of contributors, Globant, a provider of digital transformation services 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. During the quarter, Globant reached more than $1 billion in revenues for a trailing twelve-month period for the first time in company history."

Rawpixel.com/Shutterstock.com

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 21 hedge 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 -6.66% return in the past 3 months.

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