Aquatic Capital Management LLC Boosts Stock Position in Globant S.A. $GLOB

Aquatic Capital Management LLC increased its holdings in Globant S.A. (NYSE:GLOB) by 271.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,556 shares of the information technology services provider’s stock after purchasing an additional 66,161 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.21% of Globant worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Globant in the 1st quarter worth approximately $447,000. Goldman Sachs Group Inc. raised its holdings in shares of Globant by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after acquiring an additional 30,386 shares in the last quarter. Allworth Financial LP lifted its stake in Globant by 214.1% in the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 197 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Globant by 5.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,044 shares of the information technology services provider’s stock valued at $1,457,000 after acquiring an additional 865 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Globant in the second quarter valued at $588,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Stock Down 1.1%

NYSE:GLOB opened at $44.47 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average price is $57.38 and its 200-day moving average price is $60.46. The company has a market capitalization of $1.95 billion, a PE ratio of 19.42, a P/E/G ratio of 1.63 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.

Globant (NYSE:GLOB) last issued its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $605.61 million. During the same period last year, the company posted $1.75 EPS. Globant’s 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. On average, equities analysts predict that Globant S.A. will post 5.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GLOB shares. Guggenheim dropped their target price on shares of Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Needham & Company LLC reduced their price target on shares of Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group downgraded shares of Globant from a “buy” rating to a “hold” rating and decreased their price target for the stock from $80.00 to $61.00 in a research note on Thursday, November 20th. Truist Financial assumed coverage on shares of Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $81.27.

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.