Wanda Weigert Sells 6,000 Shares of Globant (NYSE:GLOB) Stock

Globant S.A. (NYSE:GLOB) 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 sale, the insider directly owned 64,046 shares in the company, valued at approximately $2,590,660.70. This trade represents a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Globant Stock Performance

Shares of NYSE GLOB opened at $40.58 on Friday. Globant S.A. has a 12-month low of $27.56 and a 12-month high of $72.10. The company has a market cap of $1.78 billion, a PE ratio of 15.91, a P/E/G ratio of 2.60 and a beta of 1.02. The stock has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $40.58. 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 posted 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). The business had revenue of $614.42 million during the quarter, compared to analyst estimates of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. 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, equities research analysts forecast that Globant S.A. will post 4.65 EPS for the current year.

Globant declared that its board has initiated a stock buyback program on Monday, May 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Globant

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOB. Sanctuary Advisors LLC increased its holdings in Globant by 7.2% in the 4th quarter. Sanctuary Advisors LLC now owns 3,801 shares of the information technology services provider’s stock valued at $248,000 after buying an additional 255 shares during the period. CWM LLC lifted its holdings in shares of Globant by 33.7% during the 4th quarter. CWM LLC now owns 1,151 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 290 shares during the period. Parallel Advisors LLC boosted its position in shares of Globant by 27.1% during the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock valued at $80,000 after acquiring an additional 370 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Globant by 9.4% during the 2nd quarter. IHT Wealth Management LLC now owns 4,390 shares of the information technology services provider’s stock valued at $399,000 after acquiring an additional 376 shares in the last quarter. Finally, Sora Investors LLC increased its stake in Globant by 0.4% in the fourth quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock valued at $5,603,000 after acquiring an additional 379 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GLOB has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Globant from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Susquehanna lowered their target price on shares of Globant from $78.00 to $70.00 and set a “positive” rating on the stock in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 target price on shares of Globant in a research note on Friday, July 10th. Canaccord Genuity Group set a $35.00 price target on shares of Globant in a research note on Friday, August 14th. Finally, Guggenheim decreased their price objective on shares of Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.38.

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.