Campbell & CO Investment Adviser LLC Raises Stake in Globant S.A. $GLOB

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Globant S.A. by 981.9%, owning approximately 23,900 shares valued at about $2.8 million by the end of the most recent quarter.
• Several hedge funds also significantly increased their positions in Globant, with Invesco Ltd. raising its stake by 764.3%, now holding 945,215 shares valued at over $111 million.
• Globant's earnings exceeded expectations with a reported $1.53 EPS for the quarter, narrowly beating analyst estimates, alongside a year-over-year revenue increase of 4.5%.

Campbell & CO Investment Adviser LLC grew its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 981.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,900 shares of the information technology services provider's stock after purchasing an additional 21,691 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.05% of Globant worth $2,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group increased its stake in Globant by 194.4% during the first 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 stake in Globant by 140.9% during the first 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 period. Bessemer Group Inc. purchased a new stake in Globant during the first quarter worth about $39,000. Farther Finance Advisors LLC increased its stake in shares of Globant by 186.7% during the first 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 period. Finally, Signaturefd LLC increased its stake in shares of Globant by 29.7% during the first quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock worth $46,000 after buying an additional 89 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Stock Performance

Shares of GLOB traded down $0.25 during mid-day trading on Friday, reaching $67.20. 1,050,039 shares of the company's stock were exchanged, compared to its average volume of 2,040,844. The business's fifty day simple moving average is $82.20 and its 200-day simple moving average is $109.21. Globant S.A. has a 52-week low of $64.51 and a 52-week 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 stock has a market capitalization of $2.96 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.98 and a beta of 1.16.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $612.66 million. During the same period last year, the firm posted $1.51 EPS. Globant's quarterly revenue 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. On average, equities research analysts expect that Globant S.A. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GLOB shares. Canaccord Genuity Group restated a "hold" rating and set a $97.00 target price (down from $165.00) on shares of Globant in a research note on Thursday, June 26th. Guggenheim reissued a "buy" rating and set a $125.00 price objective on shares of Globant in a report on Tuesday, June 10th. Wall Street Zen raised shares of Globant from a "sell" rating to a "hold" rating in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a report on Thursday, July 17th. They set a "hold" rating and a $87.00 price objective on the stock. Finally, UBS Group cut their price objective on shares of Globant from $120.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.47.

Globant 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.