BW Gestao de Investimentos Ltda. Has $21.57 Million Holdings in Globant S.A. $GLOB

Key Points

• BW Gestao de Investimentos Ltda. increased its holdings in Globant S.A. by 55.1%, now owning 183,200 shares worth approximately $21.57 million, making it the firm's 16th largest investment.
• Globant reported $1.53 EPS for the last quarter, exceeding analysts' expectations, with quarterly revenue of $614.18 million, a 4.5% increase year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Globant, with an average target price of $139.47, reflecting a mix of upgrades and downgrades from various firms.

BW Gestao de Investimentos Ltda. lifted its position in Globant S.A. (NYSE:GLOB - Free Report) by 55.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,200 shares of the information technology services provider's stock after acquiring an additional 65,100 shares during the quarter. Globant makes up about 0.7% of BW Gestao de Investimentos Ltda.'s holdings, making the stock its 16th biggest holding. BW Gestao de Investimentos Ltda. owned 0.42% of Globant worth $21,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Globant by 262.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 562 shares of the information technology services provider's stock valued at $121,000 after purchasing an additional 407 shares in the last quarter. Northern Trust Corp raised its position in Globant by 2.1% during the fourth quarter. Northern Trust Corp now owns 150,635 shares of the information technology services provider's stock valued at $32,299,000 after buying an additional 3,053 shares during the period. Ameriprise Financial Inc. lifted its stake in Globant by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 560,747 shares of the information technology services provider's stock worth $120,235,000 after acquiring an additional 27,140 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Globant by 4.8% during the 4th quarter. Benjamin Edwards Inc. now owns 3,320 shares of the information technology services provider's stock worth $712,000 after acquiring an additional 151 shares during the period. Finally, Bank of America Corp DE grew its stake in Globant by 7.5% during the 4th quarter. Bank of America Corp DE now owns 440,039 shares of the information technology services provider's stock valued at $94,353,000 after acquiring an additional 30,785 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Stock Performance

Shares of GLOB opened at $64.22 on Wednesday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The company's fifty day moving average is $81.24 and its 200-day moving average is $106.98. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. Globant S.A. has a 12 month low of $62.98 and a 12 month high of $238.32.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GLOB shares. Wall Street Zen raised shares of Globant from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. Mizuho set a $153.00 price objective on shares of Globant and gave the company an "outperform" rating in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a research note on Thursday, July 17th. They set a "hold" rating and a $87.00 target price for the company. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $97.00 price target (down from $165.00) on shares of Globant in a research note on Thursday, June 26th. Finally, Piper Sandler lowered Globant from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $154.00 to $116.00 in a report on Friday, May 16th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $139.47.

Globant Company Profile

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.

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