Globant (NYSE:GLOB) Shares Cross Below 50 Day Moving Average – Should You Sell?

Globant S.A. (NYSE:GLOB) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $37.03 and traded as low as $35.66. Globant shares last traded at $35.76, with a volume of 688,240 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on GLOB. Canaccord Genuity Group set a $35.00 price target on shares of Globant in a research note on Friday, August 14th. Weiss Ratings cut shares of Globant from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. UBS Group set a $38.00 price objective on shares of Globant in a research note on Friday, August 14th. Zacks Research cut Globant from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, Truist Financial lowered their target price on Globant from $44.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, August 14th. Five investment 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.38.

Globant Price Performance

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 2.26 and a beta of 0.98. The company’s 50 day moving average is $37.17 and its 200-day moving average is $39.04.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.28%. The business had revenue of $614.42 million during the quarter, compared to the consensus estimate of $612.86 million. During the same quarter in the prior year, the company earned $1.53 EPS. Globant’s quarterly 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. Equities research analysts anticipate that Globant S.A. will post 4.61 earnings per share for the current year.

Insider Buying and Selling at Globant

In other Globant news, CTO Diego Tartara 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 transaction of $242,700.00. Following the completion of the sale, the chief technology officer owned 72,320 shares of the company’s stock, valued at $2,925,344. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Fernando Matzkin sold 2,500 shares of Globant stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the transaction, the executive directly owned 71,608 shares of the company’s stock, valued at approximately $2,864,320. This trade represents a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,500 shares of company stock valued at $585,400 in the last quarter. 2.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Globant

Hedge funds have recently bought and sold shares of the stock. Brandes Investment Partners LP grew its position in shares of Globant by 4.0% in the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after purchasing an additional 91,732 shares during the last quarter. Capital International Investors increased its position in Globant by 10.6% during the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after acquiring an additional 218,570 shares during the period. Pzena Investment Management LLC acquired a new stake in Globant in the 1st quarter worth about $136,893,000. BlackRock Inc. bought a new stake in Globant in the 2nd quarter valued at about $128,713,000. Finally, Alyeska Investment Group L.P. grew its position in shares of Globant by 78.5% during the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock worth $85,516,000 after purchasing an additional 1,299,353 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Company Profile

Globant SA is a digitally native technology services company that helps organizations develop software, modernize technology platforms and pursue digital transformation initiatives. Its services include product engineering, cloud and infrastructure solutions, data and artificial intelligence, enterprise applications, user experience design, and technology consulting.

The company serves clients across industries such as financial services, healthcare, media and entertainment, retail, travel, and consumer products.