Quantitative Investment Management LLC Buys Shares of 5,525 Globant S.A. $GLOB

Key Points

• Quantitative Investment Management LLC has acquired a new stake in Globant S.A., purchasing 5,525 shares valued at approximately $650,000 in the first quarter.
• Globant reported earnings of $1.53 per share, exceeding expectations, and delivered a quarterly revenue of $614.18 million, reflecting a 4.5% increase year-over-year.
• Wall Street analysts generally hold a positive outlook on Globant, with an average rating of "Moderate Buy" and a target price of $139.47 for the stock.

Quantitative Investment Management LLC bought a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,525 shares of the information technology services provider's stock, valued at approximately $650,000.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in shares of 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. boosted its holdings in shares of 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 position in shares of Globant in the 1st quarter valued at $39,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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.

Globant Stock Down 0.4%

Globant stock traded down $0.25 during midday trading on Friday, hitting $67.20. 1,050,039 shares of the stock were exchanged, compared to its average volume of 1,983,713. Globant S.A. has a 1 year low of $64.51 and a 1 year high of $238.32. The firm has a market cap of $2.96 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The company has a 50 day moving average price of $82.20 and a two-hundred day moving average price of $108.38.

Globant (NYSE:GLOB - Get Free Report) last released its earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping 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 in the previous year, the firm earned $1.51 EPS. The company's revenue 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, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on GLOB shares. Wall Street Zen upgraded shares of Globant from a "sell" rating to a "hold" rating in a report on Monday, May 19th. Guggenheim restated a "buy" rating and set a $125.00 target price on shares of Globant in a report on Tuesday, June 10th. The Goldman Sachs Group reduced their target price on shares of Globant from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. Piper Sandler downgraded shares of Globant from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $154.00 to $116.00 in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. downgraded shares of Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target on the stock. in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently 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.