SG Americas Securities LLC Has $2.24 Million Stock Position in Globant S.A. $GLOB

SG Americas Securities LLC decreased its position in shares of Globant S.A. (NYSE:GLOB) by 40.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,292 shares of the information technology services provider’s stock after selling 23,443 shares during the period. SG Americas Securities LLC owned about 0.08% of Globant worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ARGA Investment Management LP raised its position in 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 purchasing an additional 2,043,077 shares during the last quarter. Invesco Ltd. increased its stake in shares of Globant by 199.1% in the 2nd quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock valued at $256,819,000 after buying an additional 1,881,940 shares during the period. 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 valued at $84,413,000 after buying an additional 915,924 shares during the period. BNP Paribas Financial Markets raised its position in shares of Globant by 601.5% during the third quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock worth $44,982,000 after acquiring an additional 672,175 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Globant by 493.8% during the third quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock valued at $37,888,000 after acquiring an additional 549,089 shares during the period. 91.60% of the stock is owned by institutional investors.

Globant Stock Up 0.1%

Globant stock opened at $47.92 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22. Globant S.A. has a 1-year low of $40.76 and a 1-year high of $142.24. The company has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $58.92. 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 (NYSE:GLOB) last issued its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The firm had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Research analysts anticipate that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GLOB. Canaccord Genuity Group lowered their price objective on Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Truist Financial began coverage on shares of Globant in a research report on Tuesday, January 6th. They set a “hold” rating and a $72.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target on shares of Globant in a research report on Thursday, March 19th. UBS Group reissued a “neutral” rating and set a $75.00 price target on shares of Globant in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $80.80.

Globant Company 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.