4,529 Shares in Globant S.A. $GLOB Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC acquired a new position in Globant S.A., purchasing 4,529 shares valued at approximately $533,000 in the first quarter.
• Globant's recent earnings report showed an EPS of $1.53, slightly exceeding analyst estimates, with revenue reaching $614.18 million, reflecting a 4.5% year-over-year increase.
• Institutional investors own 91.60% of Globant's stock, highlighting significant interest in the company among hedge funds and other large entities.

Magnetar Financial LLC purchased a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 4,529 shares of the information technology services provider's stock, valued at approximately $533,000.

Several other institutional investors also recently bought and sold shares of the business. State of Wyoming raised its holdings in Globant by 53.1% in the 1st quarter. State of Wyoming now owns 493 shares of the information technology services provider's stock valued at $58,000 after acquiring an additional 171 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Globant by 981.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 23,900 shares of the information technology services provider's stock worth $2,814,000 after acquiring an additional 21,691 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Globant in the first quarter worth approximately $650,000. AIMZ Investment Advisors LLC acquired a new stake in shares of Globant in the first quarter worth approximately $3,618,000. Finally, Jump Financial LLC acquired a new stake in shares of Globant in the first quarter worth approximately $228,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Stock Up 0.8%

Shares of NYSE:GLOB traded up $0.53 during midday trading on Friday, hitting $62.88. 1,609,593 shares of the company's stock traded hands, compared to its average volume of 1,837,002. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market cap of $2.77 billion, a PE ratio of 25.56, a P/E/G ratio of 2.74 and a beta of 1.17. The firm's fifty day moving average price is $79.60 and its two-hundred day moving average price is $104.47. Globant S.A. has a twelve month low of $61.57 and a twelve month high of $238.32.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $614.18 million during the quarter, compared to the consensus estimate of $612.66 million. During the same quarter last year, the company earned $1.51 earnings per share. Globant's revenue for the quarter 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 anticipate that Globant S.A. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globant in a research report on Thursday, July 17th. They issued a "hold" rating and a $87.00 target price on the stock. Guggenheim reissued a "buy" rating and issued a $125.00 target price on shares of Globant in a research report on Tuesday, June 10th. Mizuho set a $153.00 price target on Globant and gave the stock an "outperform" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target for the company. in a research note on Friday, August 15th. Finally, The Goldman Sachs Group dropped their price target on Globant from $120.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Globant has a consensus rating of "Moderate Buy" and a consensus price target of $139.47.

Globant Company 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.