Barclays PLC Has $26.01 Million Position in Globant S.A. $GLOB

Barclays PLC raised its position in Globant S.A. (NYSE:GLOB) by 1,093.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 453,331 shares of the information technology services provider’s stock after acquiring an additional 415,351 shares during the period. Barclays PLC owned about 1.03% of Globant worth $26,012,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GLOB. Allworth Financial LP grew its position in Globant by 214.1% in the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. raised its stake in Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 352 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Globant by 27,766.7% during the third quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 833 shares during the period. CWM LLC boosted its stake in shares of Globant by 35.4% in the 3rd quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Globant by 105.5% in the 3rd quarter. Covestor Ltd now owns 1,005 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLOB. Needham & Company LLC dropped their price target on Globant from $80.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 27th. William Blair reissued an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Mizuho decreased their target price 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. reduced their price target on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Truist Financial initiated coverage on shares of Globant in a research report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Globant presently has an average rating of “Hold” and an average target price of $81.27.

Globant Stock Down 1.3%

Shares of NYSE GLOB opened at $47.78 on Thursday. Globant S.A. has a 52-week low of $40.76 and a 52-week high of $142.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $2.09 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.75 and a beta of 1.21. The firm has a 50 day moving average price of $58.59 and a 200 day moving average price of $60.99.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, hitting the consensus estimate of $1.54. The firm had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company 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. Analysts expect that Globant S.A. will post 5.73 EPS for the current year.

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.