Hsbc Holdings PLC Acquires New Stake in Globant S.A. $GLOB

Hsbc Holdings PLC acquired a new stake in Globant S.A. (NYSE:GLOB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 101,348 shares of the information technology services provider’s stock, valued at approximately $2,917,000.

A number of other large investors also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Globant by 473.3% in the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 407 shares during the period. Larson Financial Group LLC increased its stake in shares of Globant by 561.2% during the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after acquiring an additional 578 shares during the period. MidFirst Bank acquired a new position in shares of Globant during the fourth quarter worth about $47,000. Essential Partners LLC purchased a new position in Globant during the first quarter worth about $55,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Globant by 872.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 1,143 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Price Performance

GLOB stock opened at $40.58 on Friday. The firm has a 50 day moving average of $34.50 and a 200-day moving average of $40.58. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.60 and a beta of 1.02. 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.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share 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 during the quarter, compared to analyst estimates of $612.86 million. During the same quarter in the prior year, the company earned $1.53 EPS. The business’s revenue was up .0% on a year-over-year basis. 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, equities analysts expect that Globant S.A. will post 4.65 EPS for the current fiscal year.

Globant declared that its board has authorized a stock buyback plan on Monday, May 18th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GLOB shares. TD Cowen lowered their price objective on Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research downgraded 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 target on Globant in a report on Friday, August 14th. Wedbush downgraded Globant from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $54.00 to $37.00 in a research note on Friday, August 14th. Finally, Itau BBA Securities lowered Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.38.

Insiders Place Their Bets

In other news, insider Wanda Weigert sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was 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 in the company, valued at $2,590,660.70. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Diego Tartara sold 6,000 shares of Globant stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the transaction, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at $2,925,344. This trade represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.67% of the stock is currently owned by insiders.

Globant 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.