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

VELA Investment Management LLC lifted its stake in shares of Globant S.A. (NYSE:GLOB) by 43.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,900 shares of the information technology services provider’s stock after acquiring an additional 14,800 shares during the period. VELA Investment Management LLC owned 0.11% of Globant worth $1,415,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLOB. BlackRock Inc. acquired a new position in Globant during the second quarter worth approximately $128,713,000. Pzena Investment Management LLC purchased a new position in Globant during the second quarter worth approximately $111,700,000. Alyeska Investment Group L.P. boosted its holdings in shares of Globant by 78.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after purchasing an additional 1,299,353 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Globant by 4.0% in the 4th quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after purchasing an additional 91,732 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Globant by 10.6% during the 4th quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock valued at $149,292,000 after buying an additional 218,570 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Citigroup reduced their target price on Globant from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Guggenheim dropped their price target on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Zacks Research lowered Globant from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. Finally, Itau BBA Securities downgraded Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.38.

Insider Buying and Selling at Globant

In other Globant news, CRO Fernando Matzkin sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the transaction, the executive owned 71,608 shares in the company, valued at $2,864,320. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Diego Tartara sold 6,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at $2,925,344. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,500 shares of company stock valued at $585,400 over the last three months. 2.67% of the stock is owned by company insiders.

Globant Price Performance

Globant stock opened at $39.21 on Monday. Globant S.A. has a 52-week low of $27.56 and a 52-week high of $72.10. The firm has a fifty day moving average of $35.56 and a 200-day moving average of $39.98. The firm has a market capitalization of $1.72 billion, a P/E ratio of 15.38, a PEG ratio of 2.53 and a beta of 0.98. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Globant (NYSE:GLOB) last posted 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). Globant had a net margin of 4.63% and a return on equity of 9.28%. The business had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. During the same quarter in the previous year, the firm posted $1.53 EPS. The business’s revenue 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. As a group, analysts predict that Globant S.A. will post 4.61 EPS for the current year.

Globant announced that its Board of Directors has initiated a stock buyback plan on Monday, May 18th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.