Globant (NYSE:GLOB) Shares Down 6.2% – Here’s Why

Globant S.A. (NYSE:GLOB)’s share price was down 6.2% during trading on Tuesday. The company traded as low as $44.56 and last traded at $44.8340. Approximately 176,119 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,538,744 shares. The stock had previously closed at $47.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLOB shares. Susquehanna dropped their price target 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. UBS Group set a $38.00 price objective on shares of Globant in a research report on Friday, August 14th. JPMorgan Chase & Co. decreased their price objective on shares of Globant from $47.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. The Goldman Sachs Group dropped their target price on shares of Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Finally, Wells Fargo & Company boosted their target price on shares of Globant from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Globant has a consensus rating of “Hold” and an average price target of $45.75.

Globant Stock Down 3.4%

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 business has a fifty day simple moving average of $38.83 and a two-hundred day simple moving average of $42.30. The company has a market cap of $2.02 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 5.50 and a beta of 0.98.

Globant (NYSE:GLOB) last released its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The business 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%. Globant’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities research analysts predict that Globant S.A. will post 4.57 earnings per share for the current year.

Insider Buying and Selling

In other Globant news, CTO Diego Tartara sold 6,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares in the company, valued at $2,925,344. This represents a 7.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanda Weigert sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value 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. This trade represents a 8.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,500 shares of company stock worth $585,400. 2.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Globant

Hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Globant by 6.7% in the 3rd quarter. Signaturefd LLC now owns 3,931 shares of the information technology services provider’s stock valued at $136,000 after buying an additional 247 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Globant by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 27,930 shares of the information technology services provider’s stock valued at $969,000 after purchasing an additional 259 shares during the period. Parallel Advisors LLC grew its holdings in shares of Globant by 27.1% in the first quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock valued at $80,000 after purchasing an additional 370 shares in the last quarter. Matthews International Capital Management LLC grew its holdings in shares of Globant by 8.1% in the first quarter. Matthews International Capital Management LLC now owns 6,399 shares of the information technology services provider’s stock valued at $295,000 after purchasing an additional 480 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Globant by 98.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,371 shares of the information technology services provider’s stock worth $48,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Company Profile

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

The company serves clients across industries including financial services, media and entertainment, healthcare, retail, travel and hospitality, and consumer products.