Odyssean LLC Makes New $946,000 Investment in Globant S.A. $GLOB

Odyssean LLC acquired a new stake in Globant S.A. (NYSE:GLOB) during the second quarter, Holdings Channel reports. The fund acquired 32,693 shares of the information technology services provider’s stock, valued at approximately $946,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLOB. Allworth Financial LP grew its stake in Globant by 473.3% during the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 407 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the last quarter. MidFirst Bank acquired a new position in shares of Globant during the 4th quarter worth approximately $47,000. State of Wyoming increased its holdings in shares of Globant by 78.9% in the second quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock valued at $80,000 after purchasing an additional 389 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Globant by 77.4% during the fourth quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock worth $60,000 after buying an additional 398 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Stock Performance

Shares of GLOB opened at $39.21 on Friday. Globant S.A. has a 1 year low of $27.56 and a 1 year high of $72.10. The stock has a market capitalization of $1.72 billion, a PE ratio of 15.38, a PEG ratio of 2.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day simple moving average of $35.56 and a 200-day simple moving average of $40.05.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). The business had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. Globant had a return on equity of 9.28% and a net margin of 4.63%.Globant’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.53 EPS. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, analysts predict that Globant S.A. will post 4.61 earnings per share for the current fiscal year.

Globant announced that its board has approved a stock repurchase program on Monday, May 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GLOB shares. Weiss Ratings cut shares of Globant from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Citigroup lowered their price target on Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, July 27th. TD Cowen reduced their price objective on shares of Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Needham & Company LLC decreased their target price on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Zacks Research lowered shares of Globant from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.38.

Insiders Place Their Bets

In related news, CRO Fernando Matzkin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the sale, the executive owned 71,608 shares in the company, valued at $2,864,320. This trade represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Diego Tartara sold 6,000 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the sale, the chief technology officer directly owned 72,320 shares in the company, valued at approximately $2,925,344. This represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,500 shares of company stock worth $585,400. Company insiders own 2.67% of the company’s stock.

Globant Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.