AIMZ Investment Advisors LLC Makes New $3.62 Million Investment in Globant S.A. $GLOB

Key Points

• AIMZ Investment Advisors LLC acquired 30,732 shares of Globant S.A. worth approximately $3.6 million, representing 1.3% of its portfolio.
• Several institutional investors have significantly increased their positions in Globant, with First Trust Advisors LP increasing its stake by 77.9% in the last quarter.
• Analysts have set a consensus price target of $139.47 for Globant, with ratings ranging from "buy" to "hold" from multiple firms.

AIMZ Investment Advisors LLC acquired a new stake in shares of Globant S.A. (NYSE:GLOB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,732 shares of the information technology services provider's stock, valued at approximately $3,618,000. Globant comprises approximately 1.3% of AIMZ Investment Advisors LLC's portfolio, making the stock its 26th biggest holding. AIMZ Investment Advisors LLC owned about 0.07% of Globant at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLOB. Brooklyn Investment Group boosted its position in Globant by 194.4% during the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 140 shares during the period. Physician Wealth Advisors Inc. increased its holdings in Globant by 140.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 265 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Globant during the first quarter worth about $39,000. Farther Finance Advisors LLC lifted its position in shares of Globant by 186.7% in the 1st quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock worth $45,000 after buying an additional 252 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Globant by 29.7% in the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 89 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GLOB shares. The Goldman Sachs Group dropped their target price on Globant from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. Canaccord Genuity Group reiterated a "hold" rating and issued a $97.00 target price (down from $165.00) on shares of Globant in a research note on Thursday, June 26th. Needham & Company LLC decreased their target price on Globant from $115.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. lowered Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target for the company. in a report on Friday, August 15th. Finally, Piper Sandler cut shares of Globant from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $154.00 to $116.00 in a research note on Friday, May 16th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Globant currently has an average rating of "Moderate Buy" and an average price target of $139.47.

Globant Trading Down 0.5%

Shares of Globant stock traded down $0.33 during trading hours on Thursday, hitting $67.49. The company's stock had a trading volume of 984,371 shares, compared to its average volume of 1,167,528. Globant S.A. has a 12 month low of $64.51 and a 12 month high of $238.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $2.97 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 2.97 and a beta of 1.16. The stock has a 50 day moving average of $83.02 and a 200 day moving average of $112.02.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The business had revenue of $614.18 million for the quarter, compared to analyst estimates of $612.66 million. Globant had a net margin of 4.44% and a return on equity of 10.76%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.51 earnings per share. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. Analysts predict that Globant S.A. will post 5.73 earnings per share for the current year.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.