Progress Software's 15min chart triggers RSI Oversold, KDJ Golden Cross signal.

According to the 15-minute chart for Progress Software, the RSI indicator has recently registered an oversold reading, while the KDJ indicator has formed a golden cross at 09:45 on February 2, 2023. This suggests that the stock price has experienced a rapid decline and is currently trading below its fundamental support level. Furthermore, the momentum of the stock price is beginning to shift towards the upside, indicating a potential increase in the stock's value.

Institutional investors, including HSBC Holdings PLC and several hedge funds, have significantly increased their holdings in Globant S.A. (NYSE: GLOB), signaling a shift in investor sentiment towards the information technology services provider. According to the latest Form 13F filing with the Securities and Exchange Commission, HSBC Holdings PLC raised its stake in Globant by 9.1% during the first quarter, acquiring an additional 5,344 shares to own 64,029 shares worth $7,493,000 [1].

Other institutional investors have also modified their holdings in Globant. Victory Capital Management Inc. increased its stake by 6.2%, owning 1,704,973 shares worth $200,709,000, while Invesco Ltd. boosted its position by 764.3%, owning 945,215 shares valued at $111,271,000. Manning & Napier Advisors LLC, Westfield Capital Management Co. LP, and Polen Capital Management LLC also increased their holdings by 86.3%, 209.0%, and 22.0%, respectively [1].

Globant reported earnings per share (EPS) of $1.53 for the most recent quarter, exceeding analysts' expectations, and revenue of $614.18 million, surpassing consensus estimates. The company's strong financial performance has likely contributed to the increased institutional interest. Additionally, Globant's guidance for the third quarter of 2025 and the full year 2025 indicates a positive outlook for the company's earnings [1].

The stock's performance has been notable, with a market cap of $3.07 billion, a price-to-earnings (PE) ratio of 28.33, and a price-to-earnings-growth ratio of 3.09. The stock has a 1-year low of $64.51 and a 1-year high of $238.32, with a 50-day moving average price of $84.49 and a 200-day moving average price of $113.69. The company's debt-to-equity ratio is 0.19, with a current ratio and quick ratio of 1.71 each [1].

Several research firms have recently weighed in on Globant. Canaccord Genuity Group, Goldman Sachs Group, Piper Sandler, Deutsche Bank Aktiengesellschaft, and JPMorgan Chase & Co. have all issued ratings and price targets for the stock, with a consensus rating of "Moderate Buy" and an average target price of $139.47 [1].

In summary, the increased institutional holdings in Globant, coupled with the company's strong financial performance and positive guidance, suggest a shift in investor sentiment towards the stock. However, investors should remain cautious and conduct their own research before making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-hsbc-holdings-plc-increases-holdings-in-globant-sa-glob-2025-08-25/