Globant S.A. (GLOB) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Of 18 analysts, 11 recommend holding, five recommend buying, and two recommend selling. The average 12-month price target is $45.75.
• Recent broker actions have generally been cautious, including downgrades from Itau BBA Securities and Wedbush; Wedbush cut its target from $54 to $37, while Wells Fargo raised its target to $48 but maintained an “equal weight” rating.
• Globant’s latest quarter showed mixed results: earnings per share of $1.40 fell short of the $1.50 consensus estimate, while revenue of $614.42 million slightly exceeded expectations. Institutional investors own 91.60% of the company, while insiders sold 14,500 shares during the last quarter.

Globant S.A. (NYSE:GLOB - Get Free Report) has been given an average rating of "Hold" by the eighteen analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.75.

Several research analysts have commented on GLOB shares. Itau BBA Securities downgraded Globant from an "outperform" rating to a "market perform" rating and set a $39.00 price objective on the stock. in a report on Wednesday, July 8th. Canaccord Genuity Group set a $35.00 target price on Globant in a report on Friday, August 14th. Wedbush downgraded Globant from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $54.00 to $37.00 in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 price target on Globant in a research note on Friday, July 10th. Finally, Wells Fargo & Company lifted their price objective on Globant from $39.00 to $48.00 and gave the company an "equal weight" rating in a report on Monday, October 26th.

Globant Price Performance

Shares of GLOB stock opened at $46.76 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $2.05 billion, a P/E ratio of 18.34, a P/E/G ratio of 5.55 and a beta of 0.98. The company's 50-day simple moving average is $38.67 and its two-hundred day simple moving average is $42.38. Globant has a one year low of $27.56 and a one year high of $72.10.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). The company had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The business's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $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 analysts anticipate that Globant will post 4.57 EPS for the current year.

Insider Buying and Selling at Globant

In other news, CRO Fernando Matzkin sold 2,500 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,864,320. This represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Diego Tartara sold 6,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was 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 directly owned 72,320 shares of the company's stock, valued at $2,925,344. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,500 shares of company stock valued at $585,400. Company insiders own 2.67% of the company's stock.

Hedge Funds Weigh In On Globant

Several institutional investors have recently bought and sold shares of GLOB. Essential Partners LLC purchased a new position in shares of Globant in the 1st quarter valued at $55,000. EverSource Wealth Advisors LLC lifted its stake in shares of Globant by 872.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider's stock worth $59,000 after purchasing an additional 1,143 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Globant by 98.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,371 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 680 shares in the last quarter. Parallel Advisors LLC boosted its position in Globant by 27.1% during 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. Finally, Allworth Financial LP purchased a new position in Globant in the second quarter valued at about $55,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.

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