GAMMA Investing LLC Increases Stock Position in Globant S.A. $GLOB

GAMMA Investing LLC grew its position in shares of Globant S.A. (NYSE:GLOB) by 33.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 988 shares of the information technology services provider’s stock after buying an additional 246 shares during the quarter. GAMMA Investing LLC’s holdings in Globant were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Globant in the 4th quarter worth approximately $274,000. NBC Securities Inc. lifted its position in shares of Globant by 105,550.0% during the 1st quarter. NBC Securities Inc. now owns 4,226 shares of the information technology services provider’s stock valued at $497,000 after buying an additional 4,222 shares during the last quarter. Portside Wealth Group LLC bought a new position in shares of Globant during the 1st quarter worth $118,000. Reliant Investment Management LLC increased its holdings in Globant by 1.8% in the 1st quarter. Reliant Investment Management LLC now owns 23,346 shares of the information technology services provider’s stock worth $2,748,000 after acquiring an additional 415 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Globant by 186.7% in the 1st quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider’s stock worth $45,000 after acquiring an additional 252 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GLOB. Needham & Company LLC dropped their price objective on shares of Globant from $115.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a research note on Thursday, July 17th. They issued a “hold” rating and a $87.00 price objective for the company. Guggenheim restated a “buy” rating and set a $125.00 target price on shares of Globant in a research report on Tuesday, June 10th. JPMorgan Chase & Co. cut Globant from an “overweight” rating to a “neutral” rating and set a $78.00 price target for the company. in a research report on Friday, August 15th. Finally, The Goldman Sachs Group dropped their price objective on Globant from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.47.

Globant Stock Performance

NYSE:GLOB opened at $59.36 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. Globant S.A. has a fifty-two week low of $54.36 and a fifty-two week high of $238.32. The firm has a market cap of $2.61 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The business has a 50 day moving average price of $67.87 and a 200-day moving average price of $92.32.

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

Globant announced that its board has approved a stock buyback program on Wednesday, October 1st that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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.