## Major Institutions Split on Globant: Some Doubling Down While Others Pull Back

Truist Securities just weighed in on Globant (GLOB), issuing a Hold rating as of early January 2026. But here's what's really catching attention: the divergent moves by Wall Street's heavyweight investors and what the numbers actually signal about the stock's trajectory.

### The Big Money Shuffle

Let's start with what the smart money is doing. ARGA Investment Management made a jaw-dropping 99.29% increase in its stake, jumping from just 15K shares to 2,058K shares—a massive 8,577% surge in portfolio allocation over a single quarter. That's the kind of move that makes you wonder what they see that others don't. Meanwhile, D. E. Shaw ramped up its position by 75.35%, adding serious firepower to its already substantial 2,132K share holding (4.84% of the company).

Not everyone's excited though. Capital International Investors actually trimmed its position by 2.10%, reducing holdings from 2,109K to 2,065K shares. Royal Bank Of Canada also cut back its portfolio weight by 37.63%, despite maintaining a solid 3.72% ownership stake of 1,639K shares.

### Fund Positioning and Market Sentiment

The institutional landscape shows 646 funds or institutions currently holding GLOB positions—down 112 owners (14.78%) from last quarter. Yet paradoxically, the average fund dedication to GLOB increased 22.27% by weight, now sitting at 0.16% of typical portfolios. Total institutional share count actually grew 1.48% to 52,373K shares, suggesting that while the number of holders decreased, those remaining are holding stronger positions.

The put/call ratio currently stands at 1.09, painting a moderately bearish short-term outlook. That's worth monitoring if you're trading the next few quarters.

### What's the Price Really Worth?

Here's where it gets interesting. Analysts are targeting an average price of $87.93 per share—a 31.86% upside from GLOB's last close at $66.69. The range spans from a conservative $60.60 floor to an ambitious $157.50 ceiling, reflecting genuine disagreement about GLOB's path forward.

Revenue projections point to $3,402MM annually, representing 36.91% growth. Non-GAAP EPS is forecasted at 10.79, signaling improving profitability amid the revenue expansion.

### The Bottom Line

Truist's Hold call seems cautious compared to what some institutions are signaling through their actions. ARGA's aggressive accumulation and D. E. Shaw's substantial increase suggest conviction that GLOB has more upside, while others' trimming might indicate profit-taking or reassessment. The 31.86% analyst upside target suggests there's still room to run—if the company executes on those revenue and earnings forecasts.