Citizens Financial Group Inc. RI Acquires Shares of 77,948 Globant S.A. $GLOB

Key Points

• Citizens Financial Group bought 77,948 shares of Globant in Q4—about $5.10 million—bringing its stake to roughly 0.18% of the company while institutional investors own ~91.6% of the stock.
• Multiple law firms have issued investor alerts and at least one class action has been filed alleging securities fraud, raising material litigation risk and potential selling pressure for Globant shares.
• Analysts' consensus is a "Hold" with an average price target of $74.06, yet GLOB trades near $40.60 (12‑month low ~$39.53); last quarter EPS of $1.54 met expectations while revenue fell 4.7% year‑over‑year.

Citizens Financial Group Inc. RI acquired a new stake in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 77,948 shares of the information technology services provider's stock, valued at approximately $5,095,000. Citizens Financial Group Inc. RI owned approximately 0.18% of Globant as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in shares of Globant by 352.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 352 shares in the last quarter. Signaturefd LLC boosted its position in shares of Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 190 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Globant by 34.3% in the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider's stock worth $47,000 after purchasing an additional 182 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Globant by 27,766.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 833 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Globant by 35.4% in the 3rd quarter. CWM LLC now owns 861 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 225 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLOB has been the topic of a number of analyst reports. TD Cowen dropped their price target on Globant from $74.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company dropped their price target on Globant from $57.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Friday, March 27th. Mizuho dropped their price target on Globant from $91.00 to $76.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Guggenheim dropped their price target on Globant from $80.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Finally, Wedbush initiated coverage on Globant in a research report on Thursday, April 9th. They issued an "outperform" rating and a $61.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Globant currently has a consensus rating of "Hold" and an average price target of $74.06.

Globant Price Performance

Shares of NYSE GLOB opened at $40.60 on Friday. Globant S.A. has a twelve month low of $39.53 and a twelve month high of $142.24. The firm has a market cap of $1.78 billion, a P/E ratio of 17.73, a PEG ratio of 1.50 and a beta of 1.22. The company has a 50 day moving average of $46.20 and a 200 day moving average of $57.28. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, hitting analysts' consensus estimates of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company had revenue of $612.47 million during the quarter, compared to analyst estimates of $605.61 million. During the same period in the previous year, the business earned $1.75 EPS. The firm'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. As a group, research analysts expect that Globant S.A. will post 5.04 EPS for the current fiscal year.

More Globant News

Here are the key news stories impacting Globant this week:

• Neutral Sentiment: Globant announced it will release first‑quarter 2026 results after the close on May 14 and host management for a video conference/Q&A — an event that could drive volatility but is routine. Globant to Announce First Quarter 2026 Financial Results on May 14th
• Negative Sentiment: Multiple law firms (Rosen, Pomerantz, Bernstein Liebhard, Faruqi & Faruqi, Gross, Frank R. Cruz, The Law Offices of Howard G. Smith) have issued investor alerts or filed a class action accusing Globant of securities fraud and are soliciting lead plaintiffs and claimants — this increases the risk of litigation costs, potential settlements, and management distraction. GLOB Investors Have Opportunity to Lead Globant S.A. Securities Fraud Lawsuit
• Negative Sentiment: Several additional firms issued deadline reminders and investor alerts today (May 1) urging shareholders who suffered losses to contact counsel — these repeated notices can amplify selling pressure and uncertainty around potential damages. Deadline Approaching: Globant S.A. (GLOB) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
• Negative Sentiment: Bronstein, Gewirtz & Grossman announced that a class action has been filed against Globant and certain officers — an active filing (not just a notice) raises the immediacy of litigation risk. Bronstein, Gewirtz & Grossman LLC Urges Globant S.A. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Additional May 1 notices from The Gross Law Firm, Frank R. Cruz, and GlobeNewswire syndications remind investors of upcoming filing deadlines — continued publicity may put downward pressure until legal exposure is clearer. DEADLINE ALERT for LKQ, GLOB, and SES: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
• Negative Sentiment: Earlier alerts (Apr 30–May 1) from Rosen, Pomerantz and others outline the alleged class period (Feb 15, 2024–Aug 14, 2025) and deadlines for lead plaintiff motions, highlighting the scope and potential timeline of claims. INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Globant SA of Class Action Lawsuit and Upcoming Deadlines - GLOB

Globant 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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