Globant S.A. $GLOB Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC lessened its stake in Globant S.A. (NYSE:GLOB) by 2.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 848,262 shares of the information technology services provider’s stock after selling 21,114 shares during the quarter. Sands Capital Management LLC’s holdings in Globant were worth $48,673,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after buying an additional 197 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Globant by 352.0% in the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 352 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Globant by 27,766.7% during the third quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 833 shares during the period. CWM LLC increased its stake in shares of Globant by 35.4% during the third quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 225 shares during the period. Finally, State of Wyoming raised its holdings 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 purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GLOB. Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. William Blair reissued an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Needham & Company LLC decreased their target price on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company cut their target price on Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.27.

Globant Stock Down 3.8%

Shares of NYSE:GLOB opened at $48.49 on Wednesday. The firm has a 50 day simple moving average of $58.94 and a 200 day simple moving average of $61.08. Globant S.A. has a 52 week low of $40.76 and a 52 week high of $142.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $2.13 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.

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

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.