7,551 Shares in Globant S.A. $GLOB Purchased by Scientech Research LLC

Scientech Research LLC purchased a new stake in Globant S.A. (NYSE:GLOB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,551 shares of the information technology services provider's stock, valued at approximately $889,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLOB. Invesco Ltd. grew its holdings in Globant by 764.3% in the 1st quarter. Invesco Ltd. now owns 945,215 shares of the information technology services provider's stock valued at $111,271,000 after buying an additional 835,859 shares during the period. Royal Bank of Canada grew its holdings in Globant by 293.5% in the 1st quarter. Royal Bank of Canada now owns 999,955 shares of the information technology services provider's stock valued at $117,716,000 after buying an additional 745,848 shares during the period. Westfield Capital Management Co. LP grew its holdings in Globant by 209.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 820,445 shares of the information technology services provider's stock valued at $96,583,000 after buying an additional 554,938 shares during the period. Nuveen LLC purchased a new stake in Globant in the 1st quarter valued at about $58,163,000. Finally, Manning & Napier Advisors LLC grew its holdings in Globant by 86.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 907,659 shares of the information technology services provider's stock valued at $106,850,000 after buying an additional 420,382 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GLOB shares. Scotiabank raised Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price objective on the stock in a research note on Monday, July 21st. Wall Street Zen raised Globant from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Mizuho set a $153.00 price target on Globant and gave the stock an "outperform" rating in a research report on Monday, May 19th. Canaccord Genuity Group restated a "hold" rating and set a $97.00 price objective (down from $165.00) on shares of Globant in a report on Thursday, June 26th. Finally, Needham & Company LLC dropped their price objective on Globant from $115.00 to $85.00 and set a "buy" rating on the stock in a report 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 data from MarketBeat.com, Globant has an average rating of "Moderate Buy" and a consensus price target of $139.47.

Globant Stock Performance

GLOB traded down $2.35 during trading on Friday, reaching $56.15. 1,475,371 shares of the company were exchanged, compared to its average volume of 1,726,404. The stock has a market cap of $2.47 billion, a P/E ratio of 22.83, a PEG ratio of 2.58 and a beta of 1.17. The firm has a 50 day moving average of $76.28 and a 200 day moving average of $100.35. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. Globant S.A. has a 52 week low of $55.91 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The firm had revenue of $614.18 million during the quarter, compared to the consensus estimate of $612.66 million. Globant had a return on equity of 10.76% and a net margin of 4.44%.The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, sell-side analysts forecast that Globant S.A. will post 5.73 EPS for the current fiscal year.

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.