Globant S.A. $GLOB Shares Sold by Riverbridge Partners LLC

Key Points

• Riverbridge Partners reduced its stake in Globant by 13.8% in Q4, selling 122,815 shares and now owning 768,774 shares (about 1.75%) valued at roughly $50.3 million, while institutional investors and hedge funds collectively hold about 91.6% of the stock.
• Financials and outlook: Globant reported Q4 EPS of $1.54 (in line) and revenue of $612.47M (beat consensus) but revenue was down 4.7% year-over-year; it guided Q1 2026 EPS to $1.440–1.540 and FY2026 to $6.100–6.500, while analysts maintain a consensus "Hold" rating with an average target of $81.27 amid recent price-target cuts.

Riverbridge Partners LLC cut its position in shares of Globant S.A. (NYSE:GLOB - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 768,774 shares of the information technology services provider's stock after selling 122,815 shares during the period. Riverbridge Partners LLC owned approximately 1.75% of Globant worth $50,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GLOB. Baker Avenue Asset Management LP increased its holdings in shares of Globant by 2.0% during the 2nd quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider's stock worth $728,000 after buying an additional 156 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Globant by 34.3% in the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider's stock valued at $47,000 after acquiring an additional 182 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Globant by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 39,534 shares of the information technology services provider's stock worth $3,591,000 after acquiring an additional 200 shares during the period. CWM LLC grew its position in Globant by 35.4% in the third quarter. CWM LLC now owns 861 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 225 shares during the period. Finally, State of Wyoming increased its stake in Globant by 38.9% during the third quarter. State of Wyoming now owns 1,225 shares of the information technology services provider's stock worth $70,000 after acquiring an additional 343 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

Globant stock opened at $45.34 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. Globant S.A. has a 52-week low of $40.76 and a 52-week high of $142.24. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $53.56 and its two-hundred day moving average is $59.40.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting the consensus estimate of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The business had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company's quarterly revenue was down 4.7% compared to the same quarter last year. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, research analysts expect that Globant S.A. will post 5.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on GLOB. JPMorgan Chase & Co. reduced their target price on Globant from $75.00 to $68.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 18th. William Blair reissued an "outperform" rating on shares of Globant in a research report on Wednesday, December 31st. Guggenheim reduced their price objective on shares of Globant from $80.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Canaccord Genuity Group decreased their target price on shares of Globant from $70.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, February 27th. Finally, Truist Financial assumed coverage on shares of Globant in a research note on Tuesday, January 6th. They set a "hold" rating and a $72.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $81.27.

About Globant

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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