BW Gestao de Investimentos Ltda. Decreases Stock Position in Globant S.A. $GLOB

Key Points

• BW Gestao de Investimentos trimmed its stake in Globant by 10.7% in Q3, selling 45,872 shares and now holding 381,956 shares (about 1.0% of the fund’s portfolio and roughly $21.9 million, ~0.87% of Globant).
• Globant reported Q results with $1.54 EPS (in line with estimates) and revenue of $612.47M (down 4.7% YoY), and issued guidance of Q1 2026 EPS 1.440–1.540 and FY2026 EPS 6.100–6.500.
• Analyst sentiment is mixed-to-cautious with a MarketBeat consensus of “Hold” and an average price target of $81.27, while several firms recently cut their targets (e.g., Guggenheim to $65, Canaccord to $50, Wells Fargo to $57).

BW Gestao de Investimentos Ltda. trimmed its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 381,956 shares of the information technology services provider's stock after selling 45,872 shares during the period. Globant accounts for about 1.0% of BW Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 20th largest position. BW Gestao de Investimentos Ltda. owned about 0.87% of Globant worth $21,917,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLOB. Baker Avenue Asset Management LP lifted its holdings in shares of Globant by 2.0% in the second quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider's stock valued at $728,000 after purchasing an additional 156 shares in the last quarter. Allworth Financial LP increased its stake in shares of Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 197 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Globant by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 39,534 shares of the information technology services provider's stock worth $3,591,000 after purchasing an additional 200 shares during the last quarter. CWM LLC lifted its stake in Globant by 35.4% in the 3rd quarter. CWM LLC now owns 861 shares of the information technology services provider's stock valued at $49,000 after buying an additional 225 shares in the last quarter. Finally, State of Wyoming lifted its stake in Globant by 38.9% in the 3rd quarter. State of Wyoming now owns 1,225 shares of the information technology services provider's stock valued at $70,000 after buying an additional 343 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Stock Performance

Globant stock opened at $50.60 on Tuesday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. Globant S.A. has a 12 month low of $40.76 and a 12 month high of $142.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The stock's 50-day moving average is $59.30 and its 200-day moving average is $61.23.

Globant (NYSE:GLOB - Get Free Report) last issued its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The business had revenue of $612.47 million during the quarter, compared to analysts' expectations of $605.61 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company's revenue for the quarter 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. Equities analysts anticipate that Globant S.A. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Guggenheim dropped their price target on Globant from $80.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Canaccord Genuity Group decreased their price objective on Globant from $70.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, February 27th. Mizuho dropped their price objective on Globant from $91.00 to $76.00 and set an "outperform" rating for the company in a research report on Tuesday, March 3rd. Truist Financial initiated coverage on shares of Globant in a research note on Tuesday, January 6th. They issued a "hold" rating and a $72.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on shares of Globant from $68.00 to $57.00 and set an "equal weight" rating on the stock in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $81.27.

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.

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