Globant S.A. $GLOB Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC trimmed its position in Globant S.A. (NYSE:GLOB) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 848,262 shares of the information technology services provider’s stock after selling 21,114 shares during the quarter. Sands Capital Management LLC owned approximately 1.93% of Globant worth $48,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GLOB. Invesco Ltd. boosted its holdings in Globant by 199.1% in the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after purchasing an additional 1,881,940 shares during the period. ARGA Investment Management LP raised its holdings in shares of Globant by 14,073.7% during the third quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock worth $118,065,000 after purchasing an additional 2,043,077 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Globant by 34.1% during the second quarter. Westfield Capital Management Co. LP now owns 1,100,526 shares of the information technology services provider’s stock worth $99,972,000 after purchasing an additional 280,081 shares during the period. Schroder Investment Management Group lifted its position in shares of Globant by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,006,175 shares of the information technology services provider’s stock worth $91,401,000 after buying an additional 168,700 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Globant by 6,875.8% in the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock worth $84,413,000 after buying an additional 915,924 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of Globant in a research report on Tuesday, January 6th. They set a “hold” rating and a $72.00 price objective for the company. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company cut their price target on Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Canaccord Genuity Group reduced their price objective on Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group lowered Globant from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $61.00 in a research report on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Globant currently has a consensus rating of “Hold” and an average price target of $81.27.

Globant Price Performance

Shares of NYSE:GLOB opened at $48.49 on Wednesday. The firm’s 50 day moving average is $58.94 and its two-hundred day moving average is $61.08. The firm has a market capitalization of $2.13 billion, a P/E ratio of 21.17, a PEG ratio of 1.83 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant S.A. has a 52 week low of $40.76 and a 52 week high of $142.24.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The business had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Analysts anticipate that Globant S.A. will post 5.73 earnings per share for the current year.

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.