Edmond DE Rothschild Holding S.A. Purchases Shares of 20,439 Globant S.A. $GLOB

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Globant S.A. (NYSE:GLOB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,439 shares of the information technology services provider’s stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its position in Globant by 7.2% in the 4th quarter. Sanctuary Advisors LLC now owns 3,801 shares of the information technology services provider’s stock valued at $248,000 after buying an additional 255 shares in the last quarter. CWM LLC raised its stake in Globant by 33.7% during the 4th quarter. CWM LLC now owns 1,151 shares of the information technology services provider’s stock worth $75,000 after buying an additional 290 shares during the period. Parallel Advisors LLC boosted its holdings in Globant by 27.1% in the first quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock worth $80,000 after acquiring an additional 370 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Globant by 9.4% in the second quarter. IHT Wealth Management LLC now owns 4,390 shares of the information technology services provider’s stock worth $399,000 after acquiring an additional 376 shares in the last quarter. Finally, Sora Investors LLC grew its stake in Globant by 0.4% in the fourth quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock valued at $5,603,000 after acquiring an additional 379 shares during the period. Institutional investors own 91.60% of the company’s stock.

Globant Trading Up 0.6%

NYSE GLOB opened at $39.74 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 15.58, a PEG ratio of 2.44 and a beta of 1.02. The business has a fifty day simple moving average of $33.87 and a 200 day simple moving average of $41.31. Globant S.A. has a 12 month low of $27.56 and a 12 month 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.

Globant (NYSE:GLOB) last issued 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 the consensus estimate of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. Globant’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, analysts predict that Globant S.A. will post 4.81 EPS for the current fiscal year.

Globant declared that its board has authorized a stock repurchase program on Monday, May 18th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GLOB shares. Guggenheim decreased their price objective on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a report on Friday, July 10th. Susquehanna reduced their price target 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. Needham & Company LLC decreased their price target on shares of Globant from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Truist Financial lowered their price objective on shares of Globant from $44.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.38.

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.