Edmond DE Rothschild Holding S.A. Takes Position in Globant S.A. $GLOB

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Globant S.A. (NYSE:GLOB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,439 shares of the information technology services provider’s stock, valued at approximately $592,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in Globant during the second quarter worth $128,713,000. Pzena Investment Management LLC purchased a new stake in shares of Globant during the 2nd quarter valued at $111,700,000. Alliancebernstein L.P. increased its position in shares of Globant by 6,875.8% during the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after purchasing an additional 915,924 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Globant by 601.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock worth $44,982,000 after purchasing an additional 672,175 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Globant by 340.3% during the 4th quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock worth $53,323,000 after purchasing an additional 630,440 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GLOB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Globant in a research report on Friday, July 10th. Guggenheim lowered their price objective on shares of Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Wedbush cut shares of Globant from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $37.00 in a research note on Friday, August 14th. Susquehanna reduced their target price on shares of Globant from $78.00 to $70.00 and set a “positive” rating for the company in a research report on Friday, August 14th. Finally, TD Cowen decreased their price target on shares of Globant from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.38.

Globant Trading Up 0.6%

Shares of GLOB stock opened at $39.74 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.44 and a beta of 1.02. The company’s fifty day simple moving average is $33.87 and its two-hundred day simple moving average is $41.31. Globant S.A. has a 1 year low of $27.56 and a 1 year 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.

Globant (NYSE:GLOB) last posted 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 company had revenue of $614.42 million during 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%.Globant’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business 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 4.81 earnings per share for the current year.

Globant declared that its board has authorized a share buyback plan on Monday, May 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Globant 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.