Circumference Group LLC Buys New Holdings in Globant S.A. $GLOB

Circumference Group LLC purchased a new position in Globant S.A. (NYSE:GLOB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,000 shares of the information technology services provider’s stock, valued at approximately $1,607,000. Globant makes up about 1.8% of Circumference Group LLC’s investment portfolio, making the stock its 21st largest holding. Circumference Group LLC owned 0.06% of Globant as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLOB. Principal Financial Group Inc. raised 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 buying an additional 40,024 shares during the last quarter. ING Groep NV bought a new position in shares of Globant during the third quarter worth $8,657,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Globant by 38.3% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 214,167 shares of the information technology services provider’s stock worth $12,289,000 after acquiring an additional 59,330 shares during the last quarter. Invesco Ltd. grew its stake in Globant by 199.1% during the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock valued at $256,819,000 after acquiring an additional 1,881,940 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Globant by 106.7% during the third quarter. Citigroup Inc. now owns 324,199 shares of the information technology services provider’s stock valued at $18,603,000 after acquiring an additional 167,341 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GLOB. Jefferies Financial Group cut shares of Globant from a “buy” rating to a “hold” rating and decreased their price target for the stock from $80.00 to $61.00 in a research note on Thursday, November 20th. UBS Group restated a “neutral” rating and set a $75.00 price objective on shares of Globant in a research report on Monday, January 19th. JPMorgan Chase & Co. reduced their target price on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. Finally, Mizuho dropped their price target on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $81.27.

Globant Stock Performance

Shares of NYSE:GLOB opened at $44.92 on Friday. Globant S.A. has a 52 week low of $40.76 and a 52 week high of $142.24. The stock has a market capitalization of $1.97 billion, a P/E ratio of 19.61, a PEG ratio of 1.63 and a beta of 1.21. The firm has a fifty day simple moving average of $57.82 and a two-hundred day simple moving average of $60.67. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last posted 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. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm had revenue of $612.47 million for the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the firm posted $1.75 EPS. The business’s quarterly 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. On average, analysts expect that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Globant Company Profile

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.