Globant S.A. $GLOB Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in shares of Globant S.A. (NYSE:GLOB) by 13.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 768,774 shares of the information technology services provider’s stock after selling 122,815 shares during the quarter. Riverbridge Partners LLC’s holdings in Globant were worth $50,255,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLOB. Wealth Enhancement Advisory Services LLC grew its holdings in Globant by 87.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,210 shares of the information technology services provider’s stock worth $575,000 after acquiring an additional 3,820 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Globant in the 4th quarter valued at $231,000. GAMMA Investing LLC lifted its position in shares of Globant by 34.3% during the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 182 shares during the last quarter. Mirabella Financial Services LLP lifted its position in shares of Globant by 46.5% during the 3rd quarter. Mirabella Financial Services LLP now owns 13,918 shares of the information technology services provider’s stock worth $799,000 after purchasing an additional 4,418 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Globant by 83.2% during the third quarter. CIBC Private Wealth Group LLC now owns 1,125 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 511 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Guggenheim lowered their price objective on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a report on Monday, December 29th. UBS Group reissued a “neutral” rating and set a $75.00 target price on shares of Globant in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. decreased their target price on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.27.

Globant Price Performance

Shares of NYSE:GLOB opened at $45.34 on Friday. The company’s fifty day moving average price is $53.56 and its 200 day moving average price is $59.40. Globant S.A. has a 12 month low of $40.76 and a 12 month high of $142.24. 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 firm has a market capitalization of $1.99 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.58 and a beta of 1.21.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.54. The firm had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. Globant’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, sell-side analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Globant 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.