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

Quattro Financial Advisors LLC purchased a new stake in Globant S.A. (NYSE:GLOB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the information technology services provider’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC bought a new stake in shares of Globant during the 1st quarter worth $136,893,000. BlackRock Inc. bought a new position in Globant in the second quarter valued at about $128,713,000. Alyeska Investment Group L.P. grew its position in Globant by 78.5% in the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after acquiring an additional 1,299,353 shares during the last quarter. Wellington Management Group LLP grew its position in Globant by 350.3% in the second quarter. Wellington Management Group LLP now owns 1,706,156 shares of the information technology services provider’s stock valued at $49,376,000 after acquiring an additional 1,327,268 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Globant by 12.9% in the first quarter. Bank of America Corp DE now owns 413,210 shares of the information technology services provider’s stock valued at $19,053,000 after acquiring an additional 47,110 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Globant Stock Performance

Shares of Globant stock opened at $39.28 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. Globant S.A. has a twelve month low of $27.56 and a twelve month high of $72.10. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 4.71 and a beta of 0.98. The company’s fifty day moving average is $37.61 and its 200 day moving average is $37.92.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share 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 analyst estimates of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company 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. Sell-side analysts forecast that Globant S.A. will post 4.57 EPS for the current year.

Insider Activity

In related news, insider Wanda Weigert sold 6,000 shares of Globant 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 insider directly owned 64,046 shares of the company’s stock, valued at $2,590,660.70. The trade was a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Diego Tartara sold 6,000 shares of Globant 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 completion of the transaction, the chief technology officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,500 shares of company stock valued at $585,400. Company insiders own 2.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GLOB shares. JPMorgan Chase & Co. dropped their target price on shares of Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 14th. The Goldman Sachs Group decreased their price target on shares of Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Globant in a 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 for the company in a research report on Friday, August 14th. Finally, Mizuho lowered their price objective on shares of Globant from $59.00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.62.

Globant Profile

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.