Globant S.A. $GLOB Holdings Lowered by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its stake in Globant S.A. (NYSE:GLOB) by 80.7% in the third quarter, HoldingsChannel reports. The fund owned 55,167 shares of the information technology services provider’s stock after selling 230,341 shares during the quarter. GW&K Investment Management LLC’s holdings in Globant were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Insigneo Advisory Services LLC lifted its holdings in Globant by 51.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 12,222 shares of the information technology services provider’s stock valued at $701,000 after acquiring an additional 4,140 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Globant by 45.6% in the third quarter. Quantbot Technologies LP now owns 61,916 shares of the information technology services provider’s stock valued at $3,553,000 after buying an additional 19,378 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of Globant during the 3rd quarter valued at $66,000. Artisan Partners Limited Partnership increased its stake in Globant by 38.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 202,078 shares of the information technology services provider’s stock worth $11,595,000 after purchasing an additional 56,371 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Globant during the 3rd quarter worth about $250,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Trading Down 3.0%

Globant stock opened at $51.60 on Friday. Globant S.A. has a one year low of $40.76 and a one year high of $142.84. The company’s fifty day moving average price is $59.64 and its two-hundred day moving average price is $61.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.93. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.93 and a beta of 1.21.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.54. The company 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 quarter in the previous year, the firm earned $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. On average, analysts forecast that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on GLOB. Wells Fargo & Company cut their target price on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Needham & Company LLC lowered their price target on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. dropped their price target on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Guggenheim reduced their price objective on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $81.27.

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.