Thornburg Investment Management Inc. Buys 14,058 Shares of Globant S.A. $GLOB

Posted by Brenda Bartman on Jun 16th, 2026

Thornburg Investment Management Inc. increased its stake in shares of Globant S.A. (NYSE:GLOB – Free Report) by 60.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,296 shares of the information technology services provider’s stock after acquiring an additional 14,058 shares during the period. Thornburg Investment Management Inc.’s holdings in Globant were worth $2,438,000 as of its most recent SEC filing.

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

Globant Trading Down 1.6%

Shares of GLOB opened at $36.91 on Tuesday. Globant S.A. has a 52-week low of $32.50 and a 52-week high of $96.99. The business’s fifty day moving average is $41.67 and its 200-day moving average is $52.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.37 and a beta of 1.02.

Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Globant had a return on equity of 9.87% and a net margin of 4.46%.The company had revenue of $607.09 million for the quarter, compared to analyst estimates of $601.66 million. During the same quarter last year, the company posted $1.50 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts anticipate that Globant S.A. will post 4.93 EPS for the current fiscal year.

Globant announced that its board has authorized a stock buyback plan on Monday, May 18th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

GLOB has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their target price on Globant from $50.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Guggenheim lowered their target price on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Truist Financial lowered their target price on Globant from $54.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Mizuho lowered their target price on Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, Susquehanna lowered their target price on Globant from $90.00 to $78.00 and set a “positive” rating on the stock in a research note on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Globant currently has an average rating of “Hold” and a consensus price target of $64.81.

Check Out Our Latest Research Report on GLOB

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.