Globant S.A. $GLOB Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC raised its holdings in Globant S.A. (NYSE:GLOB) by 43.4% during the second quarter, Holdings Channel reports. The institutional investor owned 48,900 shares of the information technology services provider’s stock after buying an additional 14,800 shares during the period. VELA Investment Management LLC’s holdings in Globant were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GLOB. Sanctuary Advisors LLC grew its stake in shares of Globant by 7.2% in the fourth quarter. Sanctuary Advisors LLC now owns 3,801 shares of the information technology services provider’s stock valued at $248,000 after buying an additional 255 shares in the last quarter. Parallel Advisors LLC raised its holdings in Globant by 27.1% in the first quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock valued at $80,000 after acquiring an additional 370 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Globant by 9.4% during the second quarter. IHT Wealth Management LLC now owns 4,390 shares of the information technology services provider’s stock worth $399,000 after purchasing an additional 376 shares during the last quarter. Sora Investors LLC lifted its holdings in Globant by 0.4% during the 4th quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock worth $5,603,000 after buying an additional 379 shares during the last quarter. Finally, State of Wyoming lifted its stake in Globant by 78.9% during the second quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Stock Performance

Shares of GLOB opened at $39.21 on Tuesday. Globant S.A. has a one year low of $27.56 and a one year high of $72.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.53 and a beta of 0.98. The company has a 50-day moving average of $35.74 and a two-hundred day moving average of $39.92.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.28%. The firm had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. During the same period last year, the firm earned $1.53 earnings per share. Globant’s revenue for the quarter was up .0% compared to the same quarter last year. 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, equities research analysts expect that Globant S.A. will post 4.61 earnings per share for the current year.

Globant declared that its Board of Directors has authorized a share buyback plan on Monday, May 18th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Globant

In other Globant news, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the executive owned 71,608 shares in the company, valued at approximately $2,864,320. This represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanda Weigert sold 6,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the transaction, the insider directly owned 64,046 shares in the company, valued at $2,590,660.70. This trade represents a 8.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,500 shares of company stock valued at $585,400. Corporate insiders own 2.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GLOB. Truist Financial decreased their target price on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Susquehanna reduced their price target on shares of Globant from $78.00 to $70.00 and set a “positive” rating for the company in a report on Friday, August 14th. UBS Group set a $38.00 target price on shares of Globant in a research report on Friday, August 14th. The Goldman Sachs Group reduced their price objective on shares of Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Finally, Zacks Research downgraded Globant from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.38.

Globant Company 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.