Sanctuary Advisors LLC Acquires Shares of 14,032 Globant S.A. $GLOB

Sanctuary Advisors LLC bought a new position in Globant S.A. (NYSE:GLOB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,032 shares of the information technology services provider’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GLOB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Globant in the 1st quarter worth about $447,000. Goldman Sachs Group Inc. increased its stake in Globant by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after purchasing an additional 30,386 shares in the last quarter. First Trust Advisors LP raised its holdings in 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 worth $9,291,000 after buying an additional 39,122 shares during the last quarter. Marshall Wace LLP raised its holdings in Globant by 823.2% in the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after buying an additional 94,424 shares during the last quarter. Finally, Amundi lifted its stake 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 worth $727,000 after buying an additional 5,247 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GLOB. Susquehanna cut their price target on shares of Globant from $78.00 to $70.00 and set a “positive” rating on the stock in a report on Friday, August 14th. JPMorgan Chase & Co. decreased their price objective on shares of Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 14th. UBS Group set a $38.00 price objective on Globant in a research report on Friday, August 14th. Truist Financial cut their target price on Globant from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 14th. Finally, Zacks Research lowered Globant from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Five equities research 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. Based on data from MarketBeat, Globant currently has an average rating of “Hold” and an average target price of $46.38.

Insiders Place Their Bets

In other news, insider Wanda Weigert sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the transaction, the insider directly owned 64,046 shares in the company, valued at $2,590,660.70. This trade represents a 8.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Diego Tartara sold 6,000 shares of Globant stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at $2,925,344. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.67% of the stock is currently owned by insiders.

Globant Price Performance

GLOB opened at $40.58 on Monday. The company’s 50-day simple moving average is $34.50 and its two-hundred day simple moving average is $40.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $1.78 billion, a P/E ratio of 15.91, a P/E/G ratio of 2.60 and a beta of 1.02. Globant S.A. has a 52-week low of $27.56 and a 52-week high of $72.10.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The company had revenue of $614.42 million during the quarter, compared to the consensus estimate of $612.86 million. Globant had a return on equity of 9.28% and a net margin of 4.63%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. 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, analysts predict that Globant S.A. will post 4.65 EPS for the current year.

Globant declared that its Board of Directors has initiated a stock repurchase program on Monday, May 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits 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 stock is undervalued.

About Globant

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.