Globant S.A. $GLOB Stock: M&G PLC Raises Holdings

M&G PLC grew its stake in shares of Globant S.A. (NYSE:GLOB) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 615,323 shares of the information technology services provider’s stock after purchasing an additional 100,502 shares during the quarter. M&G PLC owned approximately 1.40% of Globant worth $21,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pzena Investment Management LLC lifted its holdings in shares of Globant by 27.7% in the 3rd quarter. Pzena Investment Management LLC now owns 4,929,099 shares of the information technology services provider’s stock worth $171,040,000 after purchasing an additional 1,069,381 shares during the last quarter. BlackRock Inc. acquired a new position in Globant during the 2nd quarter valued at approximately $128,713,000. Alyeska Investment Group L.P. boosted its position in Globant by 78.5% during the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after purchasing an additional 1,299,353 shares during the period. Wellington Management Group LLP grew its stake in Globant by 350.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,706,156 shares of the information technology services provider’s stock worth $49,376,000 after buying an additional 1,327,268 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Globant by 12.9% in the first quarter. Bank of America Corp DE now owns 413,210 shares of the information technology services provider’s stock valued at $19,053,000 after buying an additional 47,110 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLOB has been the subject of several analyst reports. Mizuho reduced their price target on shares of Globant from $59.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. UBS Group set a $38.00 price target on shares of Globant in a research report on Friday, August 14th. The Goldman Sachs Group dropped their price objective on shares of Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Weiss Ratings upgraded shares of Globant from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Needham & Company LLC cut their price objective on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Globant currently has an average rating of “Hold” and an average target price of $45.75.

Insider Activity at Globant

In related news, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the sale, the executive owned 71,608 shares of the company’s stock, valued at $2,864,320. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Diego Tartara sold 6,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at $2,925,344. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,500 shares of company stock worth $585,400 over the last ninety days. 2.67% of the stock is currently owned by corporate insiders.

Globant Stock Up 2.6%

GLOB opened at $48.64 on Wednesday. Globant S.A. has a 12 month low of $27.56 and a 12 month high of $72.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $2.13 billion, a P/E ratio of 19.07, a P/E/G ratio of 6.03 and a beta of 0.86. The stock’s 50 day moving average price is $39.77 and its 200 day moving average price is $41.72.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.28%. The business had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. During the same period in the previous year, the firm earned $1.53 EPS. The firm’s revenue was up .0% on a year-over-year basis. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. As a group, research analysts predict that Globant S.A. will post 4.57 earnings per share for the current year.

About Globant

Globant is a technology services company that helps businesses design, build and manage digital products and platforms. Its offerings include software and product engineering, digital experience design, cloud services, data and artificial intelligence solutions, and technology consulting. Founded in Argentina in 2003, Globant serves clients across multiple industries and operates in markets around the world. The company organizes much of its work through specialized “Studios” focused on areas such as digital transformation and emerging technologies.