Short Interest in Globant S.A. (NYSE:GLOB) Rises By 43.9%

Key Points

• Short interest in Globant S.A. increased significantly by 43.9% in August, reaching a total of 5,440,000 shares as of August 15th.
• Globant reported earnings per share (EPS) of $1.53 for the last quarter, slightly exceeding analysts' expectations, along with a revenue of $614.18 million.
• A strong majority of analysts maintain a positive outlook, with eight ratings of "Buy" and an average target price of $139.47 for the stock.

Globant S.A. (NYSE:GLOB - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totaling 5,440,000 shares, anincreaseof43.9% from the July 31st total of 3,780,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 3.9 days. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 3.9 days.

Globant Trading Up 0.8%

NYSE GLOB opened at $62.88 on Monday. The stock's 50-day simple moving average is $79.60 and its two-hundred day simple moving average is $102.94. Globant has a twelve month low of $61.57 and a twelve month high of $238.32. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.78 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Scotiabank upgraded Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price objective on the stock in a research report on Monday, July 21st. Guggenheim reiterated a "buy" rating and issued a $125.00 price objective on shares of Globant in a research report on Tuesday, June 10th. Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $154.00 to $116.00 in a research report on Friday, May 16th. Mizuho set a $153.00 price objective on Globant and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded Globant from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Globant currently has an average rating of "Moderate Buy" and an average target price of $139.47.

Institutional Trading of Globant

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted 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 worth $46,000 after buying an additional 89 shares during the period. Blue Trust Inc. lifted its holdings in Globant by 23.6% in the first quarter. Blue Trust Inc. now owns 607 shares of the information technology services provider's stock worth $71,000 after buying an additional 116 shares during the period. Brooklyn Investment Group lifted 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 worth $25,000 after buying an additional 140 shares during the period. CWM LLC lifted its holdings in Globant by 30.1% in the second quarter. CWM LLC now owns 636 shares of the information technology services provider's stock worth $58,000 after buying an additional 147 shares during the period. Finally, Physician Wealth Advisors Inc. lifted 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 worth $31,000 after buying an additional 155 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

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