Deutsche Bank AG Takes Position in Globant S.A. $GLOB

Deutsche Bank AG acquired a new position in shares of Globant S.A. (NYSE:GLOB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 124,145 shares of the information technology services provider’s stock, valued at approximately $3,593,000.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Globant during the first quarter valued at about $447,000. Goldman Sachs Group Inc. raised its holdings in shares of Globant by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after buying an additional 30,386 shares in the last quarter. First Trust Advisors LP lifted its position in Globant by 61.9% in the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after buying an additional 39,122 shares during the last quarter. Marshall Wace LLP boosted its stake in Globant by 823.2% in the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after buying an additional 94,424 shares in the last quarter. Finally, Amundi grew its position in Globant by 192.7% during the second quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock valued at $727,000 after acquiring an additional 5,247 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GLOB. Citigroup lowered their price objective on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Wells Fargo & Company decreased their price objective on Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Wedbush cut Globant from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $37.00 in a report on Friday, August 14th. Itau BBA Securities cut Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a research note on Wednesday, July 8th. Finally, Guggenheim dropped their price objective on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Globant presently has a consensus rating of “Hold” and an average price target of $46.38.

Globant Stock Down 3.3%

GLOB stock opened at $38.76 on Thursday. Globant S.A. has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.57 and a beta of 1.02. The business’s 50 day moving average price is $34.12 and its two-hundred day moving average price is $40.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). The firm had revenue of $614.42 million for 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 company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, analysts forecast that Globant S.A. will post 4.65 earnings per share for the current fiscal year.

Globant declared that its Board of Directors has initiated a stock buyback program on Monday, May 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Globant 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.