Charles Schwab Investment Management Inc. Purchases 5,967 Shares of Globant S.A. $GLOB

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Globant S.A. by 31.3% during the 1st quarter, owning approximately $2.95 million worth of the company's shares.
• Globant's recent quarterly earnings report showed an EPS of $1.53, slightly beating analyst expectations, with revenue up by 4.5% compared to the same quarter last year.
• Analysts have varying ratings for Globant, with a consensus rating of "Moderate Buy" and a price target averaging around $139.47, reflecting mixed sentiment on the stock's performance.

Charles Schwab Investment Management Inc. increased its stake in Globant S.A. (NYSE:GLOB - Free Report) by 31.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,029 shares of the information technology services provider's stock after acquiring an additional 5,967 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of Globant worth $2,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its stake in shares of Globant by 140.9% in 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. bought a new stake in shares of Globant in the first quarter worth about $39,000. Farther Finance Advisors LLC grew its stake in shares of Globant by 186.7% in the first quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock worth $45,000 after purchasing an additional 252 shares during the last quarter. Signaturefd LLC grew its stake in shares of Globant by 29.7% in the first quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 89 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake 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 worth $121,000 after purchasing an additional 407 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GLOB. UBS Group cut their target price on Globant from $120.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Canaccord Genuity Group restated a "hold" rating and issued a $97.00 price objective (down from $165.00) on shares of Globant in a report on Thursday, June 26th. Guggenheim restated a "buy" rating and issued a $125.00 price objective on shares of Globant in a report on Tuesday, June 10th. Needham & Company LLC decreased their price objective on shares of Globant from $115.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Wall Street Zen raised shares of Globant from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.47.

Globant Stock Down 4.5%

NYSE:GLOB traded down $3.04 during mid-day trading on Tuesday, hitting $64.22. 1,733,788 shares of the company's stock were exchanged, compared to its average volume of 1,170,233. Globant S.A. has a one year low of $62.98 and a one year 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 business has a fifty day moving average price of $81.78 and a 200 day moving average price of $107.28. The company has a market cap of $2.83 billion, a PE ratio of 26.11, a P/E/G ratio of 2.98 and a beta of 1.17.

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. Globant had a net margin of 4.44% and a return on equity of 10.76%. The business had revenue of $614.18 million for the quarter, compared to analyst estimates of $612.66 million. During the same quarter in the previous year, the firm posted $1.51 earnings per share. 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. Equities analysts predict that Globant S.A. will post 5.73 EPS for the current year.

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.