Globant S.A. $GLOB Stock: M&G PLC Grows Holdings

M&G PLC raised its position in shares of Globant S.A. (NYSE:GLOB) by 19.5% in the third quarter, HoldingsChannel.com reports. The firm owned 615,323 shares of the information technology services provider’s stock after buying an additional 100,502 shares during the period. M&G PLC’s holdings in Globant were worth $21,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its position in shares of Globant by 27.7% during the 3rd quarter. Pzena Investment Management LLC now owns 4,929,099 shares of the information technology services provider’s stock valued at $171,040,000 after purchasing an additional 1,069,381 shares during the period. BlackRock Inc. bought a new stake in shares of Globant in the 2nd quarter worth $128,713,000. Alyeska Investment Group L.P. raised its stake in shares of Globant by 78.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock worth $85,516,000 after buying an additional 1,299,353 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 buying an additional 1,327,268 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 47,110 shares during the period. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on GLOB shares. UBS Group set a $38.00 target price on Globant in a research note on Friday, August 14th. Susquehanna lowered their target price on Globant from $78.00 to $70.00 and set a “positive” rating on the stock in a report on Friday, August 14th. TD Cowen dropped their price target on shares of Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Mizuho cut their price target on shares of Globant from $59.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Finally, Weiss Ratings raised shares of Globant from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.75.

Insider Transactions at Globant

In related news, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction 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 in the company, valued at $2,590,660.70. The trade was a 8.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Diego Tartara sold 6,000 shares of Globant stock in a transaction 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 owned 72,320 shares in the company, valued at $2,925,344. The trade was a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,500 shares of company stock valued at $585,400 in the last three months. 2.67% of the stock is currently owned by corporate insiders.

Globant Trading Up 2.6%

Shares of NYSE:GLOB opened at $48.64 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 6.03 and a beta of 0.86. Globant S.A. has a 1-year low of $27.56 and a 1-year high of $72.10. The company has a 50 day moving average price of $39.77 and a 200 day moving average price of $41.72.

Globant (NYSE:GLOB) last posted its quarterly 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 company 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%. Globant’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. 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, research analysts anticipate that Globant S.A. will post 4.57 EPS for the current fiscal year.

Globant Profile

Globant is a technology services company that helps businesses design, build and manage digital products and platforms. Its offerings include software and product engineering, digital experience design, cloud services, data and artificial intelligence solutions, and technology consulting. Founded in Argentina in 2003, Globant serves clients across multiple industries and operates in markets around the world. The company organizes much of its work through specialized “Studios” focused on areas such as digital transformation and emerging technologies.