Charles Schwab Investment Management Inc. Has $2.95 Million Stake in Globant S.A. $GLOB

Charles Schwab Investment Management Inc. lifted its position in shares of Globant S.A. (NYSE:GLOB) by 31.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,029 shares of the information technology services provider’s stock after buying an additional 5,967 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.06% of Globant worth $2,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Globant by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 134,798 shares of the information technology services provider’s stock worth $15,868,000 after acquiring an additional 8,599 shares in the last quarter. Cetera Investment Advisers grew its stake in Globant by 23.7% during the first quarter. Cetera Investment Advisers now owns 24,926 shares of the information technology services provider’s stock worth $2,934,000 after purchasing an additional 4,774 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Globant by 15.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,493 shares of the information technology services provider’s stock worth $2,648,000 after purchasing an additional 2,967 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Globant by 1.4% in the first quarter. Stephens Investment Management Group LLC now owns 291,410 shares of the information technology services provider’s stock valued at $34,305,000 after buying an additional 3,943 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Globant in the first quarter valued at approximately $346,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GLOB shares. Wall Street Zen upgraded shares of Globant from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $97.00 price target (down from $165.00) on shares of Globant in a research note on Thursday, June 26th. Scotiabank raised shares of Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 price objective on the stock in a research report on Monday, July 21st. Guggenheim restated a “buy” rating and issued a $125.00 target price on shares of Globant in a research note on Tuesday, June 10th. Finally, Needham & Company LLC dropped their price target on Globant from $115.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.47.

Globant Price Performance

Shares of NYSE:GLOB opened at $67.20 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.96 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.98 and a beta of 1.16. The stock’s fifty day simple moving average is $82.20 and its two-hundred day simple moving average is $109.21. Globant S.A. has a 1-year low of $64.51 and a 1-year high of $238.32.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The business had revenue of $614.18 million during the quarter, compared to the consensus estimate of $612.66 million. Globant had a net margin of 4.44% and a return on equity of 10.76%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. As a group, analysts forecast that Globant S.A. will post 5.73 EPS for the current fiscal year.

About Globant

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.