Globant S.A. $GLOB Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Globant S.A. (NYSE:GLOB) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,336,556 shares of the information technology services provider’s stock after selling 30,135 shares during the period. JPMorgan Chase & Co. owned about 3.04% of Globant worth $76,692,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 352 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Globant by 27,766.7% during the third quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 833 shares during the period. CWM LLC grew its position in Globant by 35.4% during the third quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Covestor Ltd grew its position in Globant by 105.5% during the third quarter. Covestor Ltd now owns 1,005 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 516 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

Shares of GLOB opened at $44.23 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $1.94 billion, a PE ratio of 19.31, a PEG ratio of 1.62 and a beta of 1.21. The firm’s 50 day moving average price is $56.35 and its 200 day moving average price is $60.19. Globant S.A. has a twelve month low of $40.76 and a twelve month high of $142.24.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting the consensus estimate of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, research analysts expect that Globant S.A. will post 5.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GLOB shares. Guggenheim cut their target price on shares of Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. UBS Group restated a “neutral” rating and set a $75.00 price target on shares of Globant in a report on Monday, January 19th. Needham & Company LLC lowered their price target on shares of Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Canaccord Genuity Group cut their price objective on Globant from $70.00 to $50.00 and set a “hold” rating for the company in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.27.

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.