Globant S.A. $GLOB Stock: Pzena Investment Management LLC Increases Holdings

Pzena Investment Management LLC grew its position in Globant S.A. (NYSE:GLOB) by 27.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,929,099 shares of the information technology services provider’s stock after acquiring an additional 1,069,381 shares during the period. Pzena Investment Management LLC owned 11.24% of Globant worth $171,040,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State of Wyoming grew its holdings in shares of Globant by 63.8% during the third quarter. State of Wyoming now owns 10,568 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 4,118 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Globant by 0.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,930 shares of the information technology services provider’s stock valued at $969,000 after buying an additional 259 shares during the last quarter. Signaturefd LLC boosted its position in Globant by 6.7% during the 3rd quarter. Signaturefd LLC now owns 3,931 shares of the information technology services provider’s stock worth $136,000 after buying an additional 247 shares during the period. Nisa Investment Advisors LLC boosted its position in Globant by 98.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,371 shares of the information technology services provider’s stock worth $48,000 after buying an additional 680 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in Globant during the 3rd quarter worth approximately $298,000. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Performance

Shares of Globant stock opened at $48.03 on Thursday. The business has a 50-day moving average price of $39.12 and a two-hundred day moving average price of $42.09. Globant S.A. has a 1-year low of $27.56 and a 1-year high of $72.10. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.11 billion, a P/E ratio of 18.83, a PEG ratio of 5.82 and a beta of 0.86.

Globant (NYSE:GLOB) last announced its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The business had revenue of $614.42 million during the quarter, compared to analyst estimates of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. 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, analysts anticipate that Globant S.A. will post 4.57 EPS for the current year.

Insiders Place Their Bets

In other Globant news, insider Wanda Weigert sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the transaction, the insider directly owned 64,046 shares in the company, valued at approximately $2,590,660.70. This represents a 8.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Fernando Matzkin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive directly owned 71,608 shares of the company’s stock, valued at approximately $2,864,320. This trade represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,500 shares of company stock worth $585,400. Corporate insiders own 2.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GLOB shares. Wells Fargo & Company upped their price target on shares of Globant from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. The Goldman Sachs Group cut their price target 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. Citigroup boosted their price objective on shares of Globant from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Zacks Research downgraded Globant from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, UBS Group set a $38.00 target price on Globant in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.75.

Globant Profile

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

The company serves clients across industries including financial services, media and entertainment, healthcare, retail, travel and hospitality, and consumer products.