Globant S.A. $GLOB Position Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Globant S.A. (NYSE:GLOB) by 16.7% during the fourth quarter, HoldingsChannel reports. The fund owned 653,143 shares of the information technology services provider’s stock after selling 130,787 shares during the quarter. BNP Paribas Financial Markets’ holdings in Globant were worth $42,696,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of Globant by 6,875.8% in the second quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock worth $84,413,000 after acquiring an additional 915,924 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Globant by 340.3% in the fourth quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock worth $53,323,000 after acquiring an additional 630,440 shares during the last quarter. UBS Group AG increased its stake in shares of Globant by 44.1% in the fourth quarter. UBS Group AG now owns 667,755 shares of the information technology services provider’s stock worth $43,651,000 after acquiring an additional 204,443 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Globant by 493.8% in the third quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock worth $37,888,000 after acquiring an additional 549,089 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Globant by 60.4% in the third quarter. Voloridge Investment Management LLC now owns 659,373 shares of the information technology services provider’s stock worth $37,835,000 after acquiring an additional 248,225 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Stock Down 6.1%

GLOB stock opened at $39.71 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.82. Globant S.A. has a 52-week low of $32.50 and a 52-week high of $105.43. The company has a 50-day moving average of $42.91 and a two-hundred day moving average of $54.01. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.02.

Globant (NYSE:GLOB) last released its quarterly earnings results on Friday, May 15th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Globant had a net margin of 4.46% and a return on equity of 9.87%. The company had revenue of $607.09 million during the quarter, compared to analysts’ expectations of $601.66 million. During the same period in the prior year, the company earned $1.50 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Globant S.A. will post 4.93 EPS for the current year.

Globant announced that its board has initiated a share buyback plan on Monday, May 18th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Globant News Roundup

Here are the key news stories impacting Globant this week:

• Negative Sentiment: Multiple law firms issued fresh reminders about the pending securities class action against Globant, including a lead-plaintiff deadline of June 23, 2026, keeping legal risk front and center for shareholders. Article: GLOB DEADLINE: Levi & Korsinsky Reminds Globant S.A. Investors of Upcoming Securities Class Action Deadline
• Negative Sentiment: Faruqi & Faruqi and other firms reiterated outreach to Globant investors who suffered losses, signaling that the litigation campaign is still active and could continue to create overhang on the stock. Article: GLOB EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Globant S.A. (GLOB) Investors of Securities Class Action Deadline on June 23, 2026
• Negative Sentiment: Pomerantz, Bernstein Liebhard, Rosen, The Gross Law Firm, and Bronstein, Gewirtz & Grossman all promoted the same class-action claims, underscoring broad legal scrutiny of the company and extending the negative news flow around Globant. Article: INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Globant SA of Class Action Lawsuit and Upcoming Deadlines – GLOB
• Neutral Sentiment: Separately, analyst coverage showed an average “Hold” rating on Globant, which suggests Wall Street is cautious but not uniformly bearish. Article: Globant S.A. (NYSE:GLOB) Receives Average Rating of “Hold” from Analysts

Analyst Ratings Changes

GLOB has been the topic of a number of research reports. Susquehanna dropped their price target on shares of Globant from $90.00 to $78.00 and set a “positive” rating on the stock in a research note on Friday, May 15th. The Goldman Sachs Group dropped their price target on shares of Globant from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Wedbush reaffirmed an “outperform” rating on shares of Globant in a research note on Monday, May 18th. Guggenheim dropped their price target on shares of Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Globant currently has an average rating of “Hold” and an average price target of $64.81.

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.