Odyssean LLC Takes Position in Globant S.A. $GLOB

Odyssean LLC acquired a new stake in shares of Globant S.A. (NYSE:GLOB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,693 shares of the information technology services provider’s stock, valued at approximately $946,000. Odyssean LLC owned 0.07% of Globant as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Globant during the 1st quarter worth $447,000. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $8,739,000 after acquiring an additional 30,386 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Globant by 61.9% during the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after acquiring an additional 39,122 shares in the last quarter. Marshall Wace LLP grew 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 purchasing an additional 94,424 shares during the last quarter. Finally, Amundi grew its holdings in 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 purchasing an additional 5,247 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Zacks Research lowered Globant from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th. UBS Group set a $38.00 price objective on shares of Globant in a report on Friday, August 14th. Citigroup lowered their target price on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Finally, Needham & Company LLC cut their price target on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Globant currently has an average rating of “Hold” and an average price target of $46.38.

Globant Trading Down 2.8%

Shares of NYSE:GLOB opened at $39.21 on Friday. 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 S.A. has a 12-month low of $27.56 and a 12-month high of $72.10. The business has a 50 day moving average of $35.56 and a two-hundred day moving average of $40.05. The company has a market capitalization of $1.72 billion, a PE ratio of 15.38, a PEG ratio of 2.61 and a beta of 0.98.

Globant (NYSE:GLOB) last issued its quarterly earnings data 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). Globant had a return on equity of 9.28% and a net margin of 4.63%.The firm had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. During the same period in the previous year, the business earned $1.53 EPS. Globant’s revenue for the quarter was up .0% compared to the same quarter last year. 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 forecast that Globant S.A. will post 4.61 EPS for the current year.

Globant announced that its Board of Directors has approved a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CRO Fernando Matzkin sold 2,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were 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. This represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the transaction, the insider owned 64,046 shares of the company’s stock, valued at approximately $2,590,660.70. This represents a 8.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 14,500 shares of company stock worth $585,400. Company insiders own 2.67% of the company’s stock.

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.