Globant S.A. (NYSE:GLOB) Receives Consensus Recommendation of “Hold” from Analysts

Globant S.A. (NYSE:GLOB) has received an average recommendation of “Hold” from the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $46.3750.

A number of brokerages recently commented on GLOB. Wedbush downgraded Globant from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $54.00 to $37.00 in a report on Friday, August 14th. Needham & Company LLC dropped their price objective on Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 14th. JPMorgan Chase & Co. cut their target price on Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. William Blair cut Globant from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Globant in a research report on Friday, July 10th.

Insiders Place Their Bets

In other Globant news, CTO Diego Tartara sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the transaction, the chief technology officer directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wanda Weigert sold 6,000 shares of the business’s stock in a transaction dated 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 insider directly owned 64,046 shares of the company’s stock, valued at $2,590,660.70. The trade was a 8.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,500 shares of company stock valued at $585,400 in the last ninety days. Corporate insiders own 2.67% of the company’s stock.

Institutional Trading of Globant

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Globant by 473.3% in the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 407 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the period. MidFirst Bank acquired a new position in Globant in the fourth quarter worth $47,000. Essential Partners LLC acquired a new stake in shares of Globant during the first quarter worth $55,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Globant by 872.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock worth $59,000 after buying an additional 1,143 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Price Performance

Shares of GLOB stock opened at $40.14 on Friday. The firm has a fifty day simple moving average of $36.55 and a 200-day simple moving average of $39.63. The company has a market capitalization of $1.76 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.61 and a beta of 0.98. Globant has a twelve month low of $27.56 and a twelve month high of $72.10. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19.

Globant (NYSE:GLOB) last released its quarterly earnings results 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). The firm had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. Globant had a return on equity of 9.28% and a net margin of 4.63%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.53 EPS. 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 will post 4.61 earnings per share for the current fiscal year.

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.