Circumference Group LLC Purchases New Shares in Globant S.A. $GLOB

Circumference Group LLC purchased a new position in Globant S.A. (NYSE:GLOB) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 28,000 shares of the information technology services provider’s stock, valued at approximately $1,607,000. Globant makes up about 1.8% of Circumference Group LLC’s portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of GLOB. Allworth Financial LP increased its position in Globant by 214.1% during the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Globant by 27,766.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 833 shares during the last quarter. CWM LLC lifted its holdings in shares of Globant by 35.4% in the 3rd quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 225 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Globant by 105.5% during the 3rd quarter. Covestor Ltd now owns 1,005 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 516 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Canaccord Genuity Group decreased their price objective on shares of Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. dropped their target price on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Finally, Needham & Company LLC reduced their price target on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Globant presently has a consensus rating of “Hold” and an average price target of $81.27.

Globant Trading Down 0.7%

GLOB stock opened at $44.92 on Friday. Globant S.A. has a 12 month low of $40.76 and a 12 month high of $142.24. The firm’s 50-day moving average is $57.82 and its 200 day moving average is $60.67. The company has a market capitalization of $1.97 billion, a PE ratio of 19.61, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting analysts’ consensus estimates of $1.54. The business had revenue of $612.47 million for the quarter, compared to the consensus estimate of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, research analysts anticipate that Globant S.A. will post 5.73 EPS 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.