Globant S.A. $GLOB Shares Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its position in Globant S.A. by 51% in Q1, owning 420,753 shares worth approximately $49.53 million.
• Other institutional investors, including Victory Capital Management and Royal Bank of Canada, also significantly boosted their holdings, contributing to a collective institutional ownership of 91.60% of the company's stock.
• Globant recently reported an EPS of $1.53 for the quarter, exceeding estimates, alongside quarterly revenue of $614.18 million, a 4.5% increase from the previous year.

Alyeska Investment Group L.P. raised its stake in Globant S.A. (NYSE:GLOB - Free Report) by 51.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 420,753 shares of the information technology services provider's stock after buying an additional 142,048 shares during the period. Alyeska Investment Group L.P. owned about 0.96% of Globant worth $49,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Globant by 6.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,704,973 shares of the information technology services provider's stock valued at $200,709,000 after buying an additional 98,863 shares during the period. Royal Bank of Canada boosted its position in Globant by 293.5% in the 1st quarter. Royal Bank of Canada now owns 999,955 shares of the information technology services provider's stock valued at $117,716,000 after buying an additional 745,848 shares during the period. Invesco Ltd. raised its holdings in shares of Globant by 764.3% in the 1st quarter. Invesco Ltd. now owns 945,215 shares of the information technology services provider's stock valued at $111,271,000 after purchasing an additional 835,859 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in shares of Globant by 86.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 907,659 shares of the information technology services provider's stock valued at $106,850,000 after purchasing an additional 420,382 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Globant by 209.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 820,445 shares of the information technology services provider's stock valued at $96,583,000 after purchasing an additional 554,938 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Globant Stock Down 2.1%

Shares of NYSE GLOB traded down $1.27 during trading hours on Tuesday, hitting $60.30. 316,192 shares of the stock were exchanged, compared to its average volume of 1,170,969. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.65 billion, a PE ratio of 24.51, a PEG ratio of 2.78 and a beta of 1.17. The firm has a fifty day moving average price of $79.01 and a 200-day moving average price of $102.30. Globant S.A. has a 12 month low of $60.06 and a 12 month high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. The firm had revenue of $614.18 million during 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%. Globant's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.51 EPS. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, sell-side analysts expect that Globant S.A. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GLOB shares. Wall Street Zen upgraded shares of Globant from a "sell" rating to a "hold" rating in a report on Monday, May 19th. JPMorgan Chase & Co. lowered shares of 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. Canaccord Genuity Group restated a "hold" rating and issued a $97.00 price target (down previously from $165.00) on shares of Globant in a report on Thursday, June 26th. Piper Sandler lowered shares of Globant from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $154.00 to $116.00 in a report on Friday, May 16th. Finally, UBS Group reduced their price target on shares of Globant from $120.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.47.

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.