Lazard Asset Management LLC Buys 173,302 Shares of Globant S.A. $GLOB

Posted by on Jul 30th, 2026

Lazard Asset Management LLC increased its stake in shares of Globant S.A. (NYSE:GLOB – Free Report) by 113.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 326,027 shares of the information technology services provider’s stock after purchasing an additional 173,302 shares during the quarter. Lazard Asset Management LLC’s holdings in Globant were worth $15,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLOB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Globant during the first quarter valued at $447,000. Goldman Sachs Group Inc. lifted its holdings in shares of Globant by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock worth $8,739,000 after acquiring an additional 30,386 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Globant by 61.9% during the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after purchasing an additional 39,122 shares during the period. Marshall Wace LLP boosted its stake in shares of Globant by 823.2% during the 2nd quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after purchasing an additional 94,424 shares during the period. Finally, Amundi grew its holdings in Globant by 192.7% during the 2nd quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock valued at $727,000 after purchasing an additional 5,247 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Trading Up 8.9%

Shares of GLOB opened at $38.24 on Thursday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.82. Globant S.A. has a 1-year low of $27.56 and a 1-year high of $93.19. The company has a 50-day moving average of $34.32 and a 200 day moving average of $44.64.

Globant (NYSE:GLOB – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The information technology services provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $607.09 million for the quarter, compared to the consensus estimate of $601.65 million. Globant had a return on equity of 9.87% and a net margin of 4.46%.During the same period last year, the business posted $1.50 EPS. Globant’s quarterly revenue was down .7% on a year-over-year basis. On average, research analysts expect that Globant S.A. will post 4.9 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. William Blair lowered shares of Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Canaccord Genuity Group dropped their target price on Globant from $50.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company reduced their price target on Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. TD Cowen decreased their price target on Globant from $59.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Itau BBA Securities cut Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.75.

View Our Latest Report on Globant

Globant Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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