Globant S.A. $GLOB Stake Boosted by Campbell & CO Investment Adviser LLC

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 increased its position in Globant S.A. (NYSE:GLOB - Free Report) by 981.9% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 0.05% of Globant worth $2,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group raised its stake in Globant by 194.4% during the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake 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 valued at $31,000 after acquiring an additional 155 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Globant during the 1st quarter valued at approximately $39,000. Farther Finance Advisors LLC raised its stake in Globant by 186.7% during the 1st quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 252 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Globant by 29.7% during the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock valued at $46,000 after acquiring an additional 89 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLOB. Mizuho set a $153.00 target price on Globant and gave the stock an "outperform" rating in a research note on Monday, May 19th. Scotiabank raised Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 target price for the company in a research note on Monday, July 21st. Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $154.00 to $116.00 in a research note on Friday, May 16th. Guggenheim reissued a "buy" rating and set a $125.00 target price on shares of Globant in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Globant in a research note on Thursday, July 17th. They set a "hold" rating and a $87.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Globant presently has a consensus rating of "Moderate Buy" and an average target price of $139.47.

Globant Price Performance

Shares of GLOB traded down $0.33 on Thursday, reaching $67.49. The stock had a trading volume of 984,508 shares, compared to its average volume of 1,167,529. The firm has a market capitalization of $2.97 billion, a PE ratio of 27.43, a PEG ratio of 2.97 and a beta of 1.16. 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 firm has a 50-day moving average of $82.61 and a 200 day moving average of $110.99. Globant S.A. has a twelve month low of $64.51 and a twelve month high of $238.32.

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