Quattro Financial Advisors LLC Makes New $520,000 Investment in Globant S.A. $GLOB

Quattro Financial Advisors LLC bought a new stake in Globant S.A. (NYSE:GLOB) during the 3rd quarter, HoldingsChannel reports. The firm bought 15,000 shares of the information technology services provider’s stock, valued at approximately $520,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GLOB. MidFirst Bank bought a new stake in Globant during the fourth quarter valued at $47,000. Essential Partners LLC bought a new position in shares of Globant in the 1st quarter worth about $55,000. Allworth Financial LP bought a new position in shares of Globant in the 2nd quarter worth about $55,000. EverSource Wealth Advisors LLC lifted its stake in shares of Globant by 872.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock valued at $59,000 after purchasing an additional 1,143 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Globant by 27.1% in the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock valued at $80,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Trading Up 6.5%

GLOB opened at $39.28 on Friday. 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 $1.72 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 4.71 and a beta of 0.98. The company has a fifty day moving average price of $37.61 and a two-hundred day moving average price of $37.92.

Globant (NYSE:GLOB) last announced its quarterly earnings data 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). The company had revenue of $614.42 million for 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%. Globant’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Analysts predict that Globant S.A. will post 4.57 EPS for the current fiscal year.

Insider Activity at Globant

In other Globant news, CTO Diego Tartara 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 value of $242,700.00. Following the transaction, the chief technology officer owned 72,320 shares in the company, valued at approximately $2,925,344. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Fernando Matzkin sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the executive owned 71,608 shares in the company, valued at approximately $2,864,320. The trade was a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,500 shares of company stock valued at $585,400 in the last three months. Corporate insiders own 2.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research lowered Globant from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Weiss Ratings downgraded Globant from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 14th. Canaccord Genuity Group set a $35.00 target price on Globant in a report on Friday, August 14th. Wedbush lowered Globant from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $54.00 to $37.00 in a research note on Friday, August 14th. Finally, TD Cowen dropped their price target on Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.62.

About Globant

Globant SA (NYSE:GLOB) is a digitally native technology services company that helps organizations develop, modernize and manage digital products and business operations. Its services include software product engineering, user experience and design, cloud transformation, data and analytics, artificial intelligence, enterprise platforms, cybersecurity and digital marketing.

The company works with clients across industries such as financial services, healthcare, media and entertainment, retail, travel and consumer products.