Empowered Funds LLC acquired a new position in shares of Globant S.A. (NYSE:GLOB – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 69,438 shares of the information technology services provider’s stock, valued at approximately $2,010,000.
Several other institutional investors have also recently modified their holdings of GLOB. Allworth Financial LP lifted its stake in Globant by 473.3% in the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 407 shares in the last quarter. Larson Financial Group LLC grew its holdings in Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 578 shares during the last quarter. MidFirst Bank purchased a new position in Globant during the fourth quarter worth $47,000. State of Wyoming increased its position 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 buying an additional 389 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Globant by 77.4% during the fourth quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock worth $60,000 after buying an additional 398 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Globant
In other Globant news, insider Wanda Weigert sold 6,000 shares of the firm’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 sale, the insider directly owned 64,046 shares of the company’s stock, valued at approximately $2,590,660.70. This trade represents a 8.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Fernando Matzkin sold 2,500 shares of Globant stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the sale, the executive owned 71,608 shares of the company’s stock, valued at $2,864,320. This trade represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 14,500 shares of company stock worth $585,400. 2.67% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Research Report on Globant
Globant Stock Up 3.6%
GLOB stock opened at $40.29 on Friday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 15.80, a PEG ratio of 2.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. Globant S.A. has a one year low of $27.56 and a one year high of $72.10. The company has a 50 day moving average price of $35.37 and a two-hundred day moving average price of $40.05.
Globant (NYSE:GLOB – Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $612.86 million. During the same quarter last year, the firm posted $1.53 earnings per share. The company’s revenue was up .0% on a year-over-year basis. 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, sell-side analysts expect that Globant S.A. will post 4.61 EPS for the current year.
Globant announced that its board has initiated a stock buyback program 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 repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board 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.
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