55,008 Shares in Globant S.A. $GLOB Acquired by 1492 Capital Management LLC

1492 Capital Management LLC bought a new stake in Globant S.A. (NYSE:GLOB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,008 shares of the information technology services provider’s stock, valued at approximately $3,596,000.

Several other hedge funds also recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in shares of Globant by 6,875.8% during the second quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after acquiring an additional 915,924 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Globant by 601.5% in the third quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock valued at $44,982,000 after buying an additional 672,175 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Globant by 340.3% during the fourth quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock valued at $53,323,000 after buying an additional 630,440 shares during the period. Two Sigma Investments LP lifted its stake in shares of Globant by 493.8% during the third quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock valued at $37,888,000 after buying an additional 549,089 shares during the period. Finally, Barclays PLC boosted its position in Globant by 1,093.6% during the third quarter. Barclays PLC now owns 453,331 shares of the information technology services provider’s stock worth $26,012,000 after acquiring an additional 415,351 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

GLOB has been the subject of several analyst reports. Mizuho cut their price target on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. UBS Group decreased their price objective on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Guggenheim lowered their price objective on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Needham & Company LLC dropped their target price on Globant from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Truist Financial reduced their target price on Globant from $54.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Eight equities research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.81.

Globant Stock Down 6.1%

Shares of NYSE:GLOB opened at $39.71 on Thursday. The stock has a 50-day simple moving average of $42.91 and a 200-day simple moving average of $54.01. The stock has a market capitalization of $1.74 billion, a P/E ratio of 16.14, a PEG ratio of 1.54 and a beta of 1.02. Globant S.A. has a 1 year low of $32.50 and a 1 year high of $105.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Friday, May 15th. The information technology services provider reported $1.50 earnings per share 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 firm had revenue of $607.09 million for the quarter, compared to analysts’ expectations of $601.66 million. During the same period in the previous year, the company posted $1.50 earnings per share. Globant’s revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Globant S.A. will post 4.93 earnings per share for the current year.

Globant announced that its Board of Directors has initiated a stock repurchase plan 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 repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Key Stories Impacting Globant

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

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.