Capital International Inc. CA Decreases Stake in Globant S.A. $GLOB

Capital International Inc. CA lowered its stake in Globant S.A. (NYSE:GLOB) by 68.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 48,986 shares of the information technology services provider’s stock after selling 104,656 shares during the quarter. Capital International Inc. CA owned 0.11% of Globant worth $2,811,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Globant in the first quarter worth approximately $447,000. Goldman Sachs Group Inc. raised its holdings in Globant by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after buying an additional 30,386 shares during the last quarter. Allworth Financial LP boosted its position in Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 197 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Globant by 218.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,602 shares of the information technology services provider’s stock valued at $39,298,000 after buying an additional 296,888 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Globant by 5.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,044 shares of the information technology services provider’s stock worth $1,457,000 after acquiring an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

GLOB has been the topic of a number of analyst reports. William Blair restated an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Wells Fargo & Company dropped their target price on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Mizuho reduced their price target on Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price target on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Needham & Company LLC dropped their price objective on Globant from $80.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.27.

Globant Trading Down 1.3%

NYSE:GLOB opened at $47.78 on Thursday. The company has a 50-day moving average price of $58.59 and a 200-day moving average price of $60.99. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.75 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant S.A. has a 12 month low of $40.76 and a 12 month high of $142.24.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company had revenue of $612.47 million for the quarter, compared to analysts’ expectations of $605.61 million. During the same quarter in the previous year, the company earned $1.75 earnings per share. Globant’s quarterly revenue was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities analysts predict that Globant S.A. will post 5.73 EPS for the current year.

About Globant

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.