JPMorgan Chase & Co. Has $76.69 Million Holdings in Globant S.A. $GLOB

JPMorgan Chase & Co. lessened its stake in shares of Globant S.A. (NYSE:GLOB) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,336,556 shares of the information technology services provider’s stock after selling 30,135 shares during the period. JPMorgan Chase & Co.’s holdings in Globant were worth $76,692,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ARGA Investment Management LP raised its stake in shares of Globant by 14,073.7% in the 3rd quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock valued at $118,065,000 after acquiring an additional 2,043,077 shares in the last quarter. Invesco Ltd. boosted its position in Globant by 199.1% during the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after purchasing an additional 1,881,940 shares during the period. Alliancebernstein L.P. grew its holdings in Globant by 6,875.8% during the second quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after purchasing an additional 915,924 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Globant by 601.5% during the third quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock valued at $44,982,000 after purchasing an additional 672,175 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Globant by 493.8% in the third quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock valued at $37,888,000 after purchasing an additional 549,089 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Price Performance

Shares of Globant stock opened at $44.23 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $1.94 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. The firm has a fifty day moving average price of $56.35 and a two-hundred day moving average price of $60.19. Globant S.A. has a fifty-two week low of $40.76 and a fifty-two week high of $142.24.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GLOB. Wells Fargo & Company reduced their price objective on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Truist Financial initiated coverage on shares of Globant in a research note on Tuesday, January 6th. They issued a “hold” rating and a $72.00 target price on the stock. Needham & Company LLC dropped their target price 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. Mizuho cut their target price on shares of Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group cut shares of Globant from a “buy” rating to a “hold” rating and decreased their price target for the company from $80.00 to $61.00 in a report on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $81.27.

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.