Pzena Investment Management LLC Buys 1,069,381 Shares of Globant S.A. $GLOB

Pzena Investment Management LLC lifted its stake in shares of Globant S.A. (NYSE:GLOB) by 27.7% during the third quarter, Holdings Channel.com reports. The firm owned 4,929,099 shares of the information technology services provider’s stock after acquiring an additional 1,069,381 shares during the period. Pzena Investment Management LLC owned 0.11% of Globant worth $171,040,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC increased its position in Globant by 6.7% in the 3rd quarter. Signaturefd LLC now owns 3,931 shares of the information technology services provider’s stock valued at $136,000 after buying an additional 247 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Globant by 0.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,930 shares of the information technology services provider’s stock worth $969,000 after buying an additional 259 shares during the period. Parallel Advisors LLC raised its stake in Globant by 27.1% during the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock worth $80,000 after buying an additional 370 shares during the period. Matthews International Capital Management LLC boosted its holdings in Globant by 8.1% in the first quarter. Matthews International Capital Management LLC now owns 6,399 shares of the information technology services provider’s stock worth $295,000 after acquiring an additional 480 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Globant by 98.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,371 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 680 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

Globant stock opened at $48.03 on Thursday. Globant S.A. has a 52 week low of $27.56 and a 52 week high of $72.10. The company’s 50 day moving average price is $39.12 and its two-hundred day moving average price is $42.09. The stock has a market cap of $2.11 billion, a P/E ratio of 18.83, a P/E/G ratio of 5.82 and a beta of 0.86. 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 (NYSE:GLOB) last released its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.10). The business had revenue of $614.42 million during 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%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior 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. On average, equities analysts predict that Globant S.A. will post 4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GLOB. Citigroup raised their price objective on Globant from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. lowered their target price on Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Canaccord Genuity Group set a $35.00 target price on Globant in a report on Friday, August 14th. Itau BBA Securities downgraded shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.75.

Insider Buying and Selling at Globant

In other news, CTO Diego Tartara sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at $2,925,344. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Fernando Matzkin sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the sale, the executive directly owned 71,608 shares of the company’s stock, valued at approximately $2,864,320. This represents a 3.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,500 shares of company stock worth $585,400 in the last quarter. 2.67% of the stock is currently owned by company insiders.

Globant Company Profile

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

The company serves clients across industries including financial services, media and entertainment, healthcare, retail, travel and hospitality, and consumer products.