CenterBook Partners LP Purchases 76,719 Shares of Globant S.A. $GLOB

CenterBook Partners LP acquired a new stake in Globant S.A. (NYSE:GLOB) in the third quarter, Holdings Channel reports. The institutional investor acquired 76,719 shares of the information technology services provider’s stock, valued at approximately $2,662,000.

A number of other large investors have also modified their holdings of GLOB. BlackRock Inc. purchased a new stake in shares of Globant during the 2nd quarter worth about $128,713,000. Pzena Investment Management LLC purchased a new position in shares of Globant in the 2nd quarter valued at about $111,700,000. Wellington Management Group LLP increased its stake in shares of Globant by 350.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,706,156 shares of the information technology services provider’s stock valued at $49,376,000 after purchasing an additional 1,327,268 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Globant by 78.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after purchasing an additional 1,299,353 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Globant in the 2nd quarter worth about $10,878,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Globant from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Citigroup raised their price objective on Globant from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Needham & Company LLC cut their price objective on Globant from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Weiss Ratings downgraded Globant from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. decreased their target price on Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.75.

Insider Activity at Globant

In other Globant news, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction on Friday, August 28th. The shares were sold at an average price of $40.45, for a total transaction of $242,700.00. Following the sale, the insider owned 64,046 shares of the company’s stock, valued at $2,590,660.70. The trade was a 8.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive directly owned 71,608 shares of the company’s stock, valued at $2,864,320. The trade was a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,500 shares of company stock valued at $585,400. 2.67% of the stock is owned by insiders.

Globant Price Performance

NYSE:GLOB opened at $47.41 on Friday. The stock has a 50 day moving average of $39.48 and a two-hundred day moving average of $41.92. Globant S.A. has a 12 month low of $27.56 and a 12 month high of $72.10. The firm has a market cap of $2.08 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 6.03 and a beta of 0.86. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19.

Globant (NYSE:GLOB) last released its 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). The firm had revenue of $614.42 million during the quarter, compared to analysts’ expectations of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 EPS. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, analysts expect that Globant S.A. will post 4.57 earnings per share for the current fiscal year.

About Globant

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

The company serves clients across industries including financial services, media and entertainment, healthcare, retail, travel and hospitality, and consumer products.