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Principal Financial Group Inc. Purchases 40,024 Shares of Globant S.A. $GLOB
Principal Financial Group Inc. increased its stake in Globant S.A. by 27.6% during the third quarter, purchasing an additional 40,024 shares to hold a total of 185,263 shares valued at approximately $10.63 million. Globant shares are currently trading near their 12-month low, with a market capitalization of $2.44 billion and a P/E ratio of 25.10. Analysts have a consensus “Hold” rating for the stock, with an average target price of $97.75, following mixed Q3 results where EPS missed estimates but revenue slightly exceeded expectations.