92,953 Shares in Globant S.A. $GLOB Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in shares of Globant S.A. (NYSE:GLOB) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 92,953 shares of the information technology services provider’s stock, valued at approximately $2,690,000.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Globant during the second quarter valued at about $128,713,000. Pzena Investment Management LLC acquired a new stake in Globant during the first quarter worth about $136,893,000. Brandes Investment Partners LP grew its position in Globant by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock worth $156,936,000 after buying an additional 91,732 shares in the last quarter. Capital International Investors increased its stake in Globant by 10.6% during the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock valued at $149,292,000 after acquiring an additional 218,570 shares during the period. Finally, Royal Bank of Canada raised its holdings in Globant by 8.5% in the 4th quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock valued at $116,209,000 after acquiring an additional 138,596 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Globant News Summary

Here are the key news stories impacting Globant this week:

• Positive Sentiment: FIFA selected Globant to develop a continuous fan-experience ecosystem for football supporters, providing a high-profile customer win and potential long-term digital-services revenue. FIFA selects Globant to create a continuous fan experience ecosystem
• Positive Sentiment: Globant is merging its Romanian subsidiary with Pentalog Romania, a move that could streamline operations and expand delivery capabilities in the region. Romania merger involving Globant IT Romania and Pentalog Romania
• Neutral Sentiment: Globant’s “Tokenomics” initiative is being discussed as a possible outcomes-based pricing model for professional-services engagements. The concept may improve client value and pricing efficiency, but its financial impact remains uncertain. Globant Tokenomics and outcomes-based pricing
• Negative Sentiment: Globant reported quarterly EPS of $1.40, below the $1.50 analyst consensus, while revenue was broadly in line with estimates. EPS also declined from $1.53 a year earlier, reinforcing concerns about profitability and slowing growth.
• Negative Sentiment: Several firms reduced their price targets: JPMorgan to $44, Truist to $38, TD Cowen to $45, Guggenheim to $50 and Goldman Sachs to $52. The repeated reductions suggest analysts are recalibrating expectations after the earnings miss. JPMorgan cuts Globant price target
• Negative Sentiment: Wedbush downgraded Globant to Hold, and the broader analyst consensus is also Hold, limiting near-term buying support. Wedbush downgrades Globant to Hold

Analyst Ratings Changes

GLOB has been the subject of a number of research reports. Itau BBA Securities downgraded Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research report on Wednesday, July 8th. Weiss Ratings cut Globant from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Citigroup cut their target price on Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Guggenheim reduced their target price on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Finally, Needham & Company LLC decreased their price target on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.38.

Globant Stock Performance

NYSE:GLOB opened at $36.22 on Tuesday. Globant S.A. has a 12-month low of $27.56 and a 12-month high of $72.10. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.59 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The firm has a 50-day moving average price of $33.75 and a 200 day moving average price of $41.91.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The business had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. Globant had a return on equity of 9.28% and a net margin of 4.63%.The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 EPS. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Research analysts anticipate that Globant S.A. will post 4.89 earnings per share for the current fiscal year.

Globant announced that its Board of Directors has authorized a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.