Globant (NYSE:GLOB) Sets New 12-Month Low – Here’s What Happened

Globant S.A. (NYSE:GLOB) reached a new 52-week low during trading on Monday . The company traded as low as $38.38 and last traded at $38.6870, with a volume of 330870 shares. The stock had previously closed at $39.23.

Wall Street Analyst Weigh In

A number of research firms recently commented on GLOB. UBS Group lowered their price target on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut their target price on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Mizuho cut their target price on Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. TD Cowen decreased their price objective on Globant from $74.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Canaccord Genuity Group dropped their target price on Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.50.

Globant Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a fifty day simple moving average of $46.04 and a 200 day simple moving average of $56.89. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The company had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.Globant’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, analysts anticipate that Globant S.A. will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Globant

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Globant by 352.0% in the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 352 shares in the last quarter. Signaturefd LLC raised its holdings in Globant by 65.1% during the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 190 shares during the last quarter. Allworth Financial LP raised its holdings in Globant by 473.3% during the fourth quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 407 shares during the last quarter. Larson Financial Group LLC grew its holdings in Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 578 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Globant by 34.3% during the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.