Bank of Nova Scotia Acquires 374,500 Shares of Globant S.A. $GLOB

Bank of Nova Scotia increased its holdings in shares of Globant S.A. (NYSE:GLOB) by 9,602.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,400 shares of the information technology services provider’s stock after buying an additional 374,500 shares during the period. Bank of Nova Scotia owned about 0.86% of Globant worth $21,713,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aquatic Capital Management LLC grew its holdings in Globant by 271.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 90,556 shares of the information technology services provider’s stock worth $5,196,000 after acquiring an additional 66,161 shares during the last quarter. Creative Planning increased its position in Globant by 124.5% in the 3rd quarter. Creative Planning now owns 7,074 shares of the information technology services provider’s stock valued at $406,000 after acquiring an additional 3,923 shares during the period. Amundi raised its stake in shares of Globant by 2,652.8% during the third quarter. Amundi now owns 219,401 shares of the information technology services provider’s stock valued at $13,215,000 after acquiring an additional 211,431 shares during the last quarter. Man Group plc acquired a new position in shares of Globant during the third quarter worth $7,582,000. Finally, Occudo Quantitative Strategies LP lifted its holdings in shares of Globant by 436.1% during the third quarter. Occudo Quantitative Strategies LP now owns 26,494 shares of the information technology services provider’s stock worth $1,520,000 after purchasing an additional 21,552 shares during the period. 91.60% of the stock is owned by institutional investors.

Globant Trading Down 1.1%

GLOB opened at $44.47 on Tuesday. Globant S.A. has a twelve month low of $40.76 and a twelve month high of $142.24. The company has a fifty day moving average of $57.38 and a 200-day moving average of $60.46. The stock has a market cap of $1.95 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last released its 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. The business had revenue of $612.47 million for 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%. Globant’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. 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, sell-side analysts predict that Globant S.A. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

GLOB has been the topic of several analyst reports. Mizuho reduced their price objective on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. UBS Group reaffirmed a “neutral” rating and set a $75.00 target price on shares of Globant in a report on Monday, January 19th. Needham & Company LLC reduced their price target on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently 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.