Brokerages Set Globant S.A. (NYSE:GLOB) PT at $46.38

Globant S.A. (NYSE:GLOB) has received an average rating of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.3750.

A number of analysts have commented on the company. Truist Financial decreased their price objective on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a report on Friday, August 14th. Canaccord Genuity Group set a $35.00 target price on Globant in a report on Friday, August 14th. The Goldman Sachs Group cut their target price on Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. TD Cowen cut their target price on Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Guggenheim decreased their price target on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 14th.

Insider Buying and Selling at Globant

In other news, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the sale, the executive owned 71,608 shares in the company, valued at $2,864,320. This represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Diego Tartara sold 6,000 shares of the stock in a transaction dated 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 sale, the chief technology officer owned 72,320 shares of the company’s stock, valued at approximately $2,925,344. This represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,500 shares of company stock worth $585,400. Corporate insiders own 2.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLOB. BlackRock Inc. purchased a new position in shares of Globant in the 2nd quarter worth approximately $128,713,000. Pzena Investment Management LLC purchased a new stake in shares of Globant during the second quarter valued at approximately $111,700,000. Wellington Management Group LLP increased 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 valued at $49,376,000 after acquiring an additional 1,327,268 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in 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 worth $85,516,000 after acquiring an additional 1,299,353 shares during the period. Finally, Bank of America Corp DE bought a new stake in Globant during the second quarter worth $10,878,000. 91.60% of the stock is owned by institutional investors.

Globant Stock Down 1.7%

Globant stock opened at $37.73 on Friday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The firm’s fifty day moving average price is $36.85 and its two-hundred day moving average price is $39.48. Globant has a 1-year low of $27.56 and a 1-year 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 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). Globant had a return on equity of 9.28% and a net margin of 4.63%.The business had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. During the same period in the previous year, the firm earned $1.53 earnings per share. The company’s revenue was up .0% on a year-over-year basis. 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 predict that Globant will post 4.61 earnings per share for the current fiscal year.

About Globant

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.