Capital International Investors Lowers Position in Globant S.A. $GLOB

Capital International Investors cut its position in shares of Globant S.A. (NYSE:GLOB) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,065,232 shares of the information technology services provider’s stock after selling 43,468 shares during the quarter. Capital International Investors owned about 4.69% of Globant worth $118,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLOB. Invesco Ltd. raised its holdings in Globant by 199.1% in the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after purchasing an additional 1,881,940 shares in the last quarter. ARGA Investment Management LP grew its position in shares of Globant by 14,073.7% in the 3rd quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock worth $118,065,000 after buying an additional 2,043,077 shares during the period. Westfield Capital Management Co. LP grew its position in shares of Globant by 34.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,100,526 shares of the information technology services provider’s stock worth $99,972,000 after buying an additional 280,081 shares during the period. Schroder Investment Management Group increased its stake in shares of Globant by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,006,175 shares of the information technology services provider’s stock worth $91,401,000 after acquiring an additional 168,700 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Globant by 6,875.8% in the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock worth $84,413,000 after acquiring an additional 915,924 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Globant Trading Down 1.3%

NYSE:GLOB opened at $47.78 on Thursday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.75 and a beta of 1.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $58.59 and its 200-day moving average price is $60.99. Globant S.A. has a 52 week low of $40.76 and a 52 week high of $142.24.

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

Analyst Upgrades and Downgrades

GLOB has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. Truist Financial assumed coverage on shares of Globant in a research note on Tuesday, January 6th. They set a “hold” rating and a $72.00 target price for the company. Canaccord Genuity Group dropped their price target on Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. Needham & Company LLC reduced their price objective on Globant from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group downgraded Globant from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $61.00 in a report on Thursday, November 20th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Globant presently has an average rating of “Hold” and an average target price of $81.27.

Globant Profile

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.