TD Asset Management Inc Sells 38,388 Shares of Globant S.A. $GLOB

TD Asset Management Inc cut its holdings in shares of Globant S.A. (NYSE:GLOB) by 33.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,594 shares of the information technology services provider’s stock after selling 38,388 shares during the quarter. TD Asset Management Inc owned approximately 0.17% of Globant worth $4,395,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GLOB. Principal Financial Group Inc. grew its position in shares of Globant by 27.6% during the third quarter. Principal Financial Group Inc. now owns 185,263 shares of the information technology services provider’s stock valued at $10,630,000 after purchasing an additional 40,024 shares in the last quarter. ING Groep NV bought a new position in Globant during the third quarter valued at approximately $8,657,000. Border to Coast Pensions Partnership Ltd grew its holdings in Globant by 38.3% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 214,167 shares of the information technology services provider’s stock valued at $12,289,000 after buying an additional 59,330 shares in the last quarter. Invesco Ltd. increased its stake in Globant by 199.1% in the 2nd quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after acquiring an additional 1,881,940 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Globant by 791.2% during the 3rd quarter. SG Americas Securities LLC now owns 57,735 shares of the information technology services provider’s stock worth $3,313,000 after acquiring an additional 51,257 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Price Performance

Shares of GLOB stock opened at $49.79 on Wednesday. The stock has a 50 day moving average price of $60.57 and a 200 day moving average price of $61.69. Globant S.A. has a 52-week low of $40.76 and a 52-week high of $147.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.93 and a current ratio of 1.64. The firm has a market capitalization of $2.18 billion, a P/E ratio of 21.74, a P/E/G ratio of 5.27 and a beta of 1.21.

Globant (NYSE:GLOB) last released its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.54. The business had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday. Guggenheim lowered their price target on shares of Globant from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Needham & Company LLC decreased their price objective on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company lowered their price objective on Globant from $68.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $81.27.

About Globant

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.