Quantbot Technologies LP Acquires Shares of 8,276 Globant S.A. $GLOB

Key Points

• Quantbot Technologies LP acquired a new stake in Globant S.A. by purchasing 8,276 shares valued at approximately $974,000 in the first quarter.
• Globant's stock has received mixed ratings from analysts, with price targets ranging from $78.00 to $139.47 and an average rating of "Moderate Buy".
• The company reported a net margin of 4.44% and a revenue of $614.18 million, exceeding analysts' expectations in its recent quarterly earnings.

Quantbot Technologies LP purchased a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,276 shares of the information technology services provider's stock, valued at approximately $974,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Globant by 194.4% in the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 140 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in 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 purchasing an additional 155 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Globant in the 1st quarter valued at approximately $39,000. Farther Finance Advisors LLC increased its holdings in Globant by 186.7% in the 1st quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock valued at $45,000 after purchasing an additional 252 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Globant by 29.7% in the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock valued at $46,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GLOB. Piper Sandler downgraded shares of Globant from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $154.00 to $116.00 in a report on Friday, May 16th. Scotiabank upgraded shares of Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 target price for the company in a report on Monday, July 21st. Canaccord Genuity Group reiterated a "hold" rating and issued a $97.00 target price (down previously from $165.00) on shares of Globant in a report on Thursday, June 26th. JPMorgan Chase & Co. downgraded shares of 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, Wall Street Zen upgraded shares of Globant from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $139.47.

Globant Stock Down 0.3%

Shares of Globant stock traded down $0.19 during trading on Thursday, hitting $67.63. 662,588 shares of the stock were exchanged, compared to its average volume of 1,165,409. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.97 and a beta of 1.16. The firm's 50-day moving average price is $83.02 and its 200 day moving average price is $112.02. Globant S.A. has a 12-month low of $64.51 and a 12-month 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.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. The business had revenue of $614.18 million during the quarter, compared to analysts' expectations of $612.66 million. Globant had a net margin of 4.44% and a return on equity of 10.76%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. As a group, analysts forecast that Globant S.A. will post 5.73 earnings per share for the current fiscal 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.