Fernando Matzkin Sells 2,500 Shares of Globant (NYSE:GLOB) Stock

Globant S.A. (NYSE:GLOB) CRO Fernando Matzkin sold 2,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive directly owned 71,608 shares of the company’s stock, valued at $2,864,320. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Globant Trading Down 2.8%

Shares of GLOB opened at $39.21 on Friday. Globant S.A. has a twelve month low of $27.56 and a twelve month high of $72.10. The firm has a market capitalization of $1.72 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 2.61 and a beta of 0.98. 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 stock’s fifty day simple moving average is $35.56 and its 200 day simple moving average is $40.05.

Globant (NYSE:GLOB) last announced its quarterly 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 firm had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. Globant had a return on equity of 9.28% and a net margin of 4.63%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company 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 4.61 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. UBS Group set a $38.00 target price on shares of Globant in a research note on Friday, August 14th. Wells Fargo & Company reduced their target price on shares of Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Citigroup decreased their price target on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Finally, Canaccord Genuity Group set a $35.00 price target on Globant in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.38.

Institutional Trading of Globant

Large investors have recently bought and sold shares of the company. Maxi Investments CY Ltd purchased a new position in shares of Globant in the fourth quarter valued at $2,255,000. Principal Financial Group Inc. increased its stake in Globant by 340.3% during the 4th quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock worth $53,323,000 after buying an additional 630,440 shares during the period. Lazard Asset Management LLC increased its stake in Globant by 113.5% during the 1st quarter. Lazard Asset Management LLC now owns 326,027 shares of the information technology services provider’s stock worth $15,033,000 after buying an additional 173,302 shares during the period. ABN Amro Investment Solutions acquired a new position in Globant in the 1st quarter worth $10,146,000. Finally, BlackRock Inc. acquired a new position in Globant in the 2nd quarter worth $128,713,000. 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.