Quantbot Technologies LP Invests $974,000 in 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 bought a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,276 shares of the information technology services provider's stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group grew its holdings in Globant by 194.4% in the first 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 period. Physician Wealth Advisors Inc. grew its holdings in Globant by 140.9% in the first 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 period. Bessemer Group Inc. acquired a new stake in Globant in the first quarter valued at approximately $39,000. Farther Finance Advisors LLC grew its holdings in Globant by 186.7% in the first 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 period. Finally, Signaturefd LLC grew its holdings in Globant by 29.7% in the first 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 period. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Trading Down 0.4%

Shares of NYSE GLOB traded down $0.25 during trading on Friday, reaching $67.20. The stock had a trading volume of 1,050,039 shares, compared to its average volume of 2,040,844. Globant S.A. has a fifty-two week low of $64.51 and a fifty-two week high of $238.32. 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 business's 50-day moving average price is $82.20 and its 200-day moving average price is $109.97. The company has a market cap of $2.96 billion, a P/E ratio of 27.32, a PEG ratio of 2.98 and a beta of 1.16.

Globant (NYSE:GLOB - Get Free Report) last released its earnings results 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 return on equity of 10.76% and a net margin of 4.44%.The firm had revenue of $614.18 million during the quarter, compared to analysts' expectations of $612.66 million. During the same period in the previous year, the firm posted $1.51 EPS. 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 predict that Globant S.A. will post 5.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler lowered Globant from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $154.00 to $116.00 in a research note on Friday, May 16th. Needham & Company LLC lowered their price target on Globant from $115.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Guggenheim reiterated a "buy" rating and set a $125.00 price objective on shares of Globant in a research report on Tuesday, June 10th. Canaccord Genuity Group reiterated a "hold" rating and set a $97.00 price objective (down previously from $165.00) on shares of Globant in a research report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Globant in a research report on Thursday, July 17th. They set a "hold" rating and a $87.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $139.47.

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.