Globant S.A. (GLOB) – What Are Analysts Thinking About This Stock?

Shares of Globant S.A. (NYSE:GLOB) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $45.75.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Truist Financial lowered their target price on shares of Globant from $44.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Needham & Company LLC lowered their target price on shares of Globant from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Wells Fargo & Company increased their target price on shares of Globant from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. Finally, UBS Group set a $38.00 price target on shares of Globant in a research report on Friday, August 14th.

Insider Activity at Globant

In other Globant news, CRO Fernando Matzkin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the executive owned 71,608 shares of the company’s stock, valued at $2,864,320. This trade represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction that occurred on Friday, August 28th. The shares were 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 of the company’s stock, valued at approximately $2,590,660.70. The trade was a 8.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,500 shares of company stock valued at $585,400 in the last quarter. Insiders own 2.67% of the company’s stock.

Hedge Funds Weigh In On Globant

Several institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC lifted its stake in Globant by 27.7% in the third quarter. Pzena Investment Management LLC now owns 4,929,099 shares of the information technology services provider’s stock valued at $171,040,000 after buying an additional 1,069,381 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Globant during the second quarter valued at $128,713,000. Alyeska Investment Group L.P. boosted its holdings in shares of Globant by 78.5% during the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after acquiring an additional 1,299,353 shares during the period. Wellington Management Group LLP grew its position in shares of Globant by 350.3% during the second quarter. Wellington Management Group LLP now owns 1,706,156 shares of the information technology services provider’s stock worth $49,376,000 after acquiring an additional 1,327,268 shares during the last quarter. Finally, M&G PLC grew its position in shares of Globant by 19.5% during the third quarter. M&G PLC now owns 615,323 shares of the information technology services provider’s stock worth $21,536,000 after acquiring an additional 100,502 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Globant Trading Up 4.9%

NYSE:GLOB opened at $48.03 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $39.12 and its two-hundred day moving average is $42.09. Globant has a 52 week low of $27.56 and a 52 week high of $72.10. The company has a market cap of $2.11 billion, a PE ratio of 18.83, a P/E/G ratio of 5.82 and a beta of 0.86.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 EPS for the quarter, missing the consensus estimate 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 previous year, the business posted $1.53 EPS. Globant’s revenue was up .0% compared to the same quarter last year. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, analysts predict that Globant will post 4.57 EPS for the current year.

Globant Company Profile

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

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