Globant S.A. (NYSE:GLOB) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts rate Globant “Hold” on average: Of 18 firms, 11 recommend holding, five recommend buying and two recommend selling. The average 12-month price target is $46.38, compared with a share price of $35.70.
• Latest earnings were mixed: Globant reported quarterly EPS of $1.40, below the $1.50 consensus estimate, while revenue of $614.42 million slightly exceeded expectations.
• Insiders have recently sold shares, while institutions remain heavily invested: Insiders sold 14,500 shares worth $585,400 over 90 days, whereas institutional investors own 91.60% of the company and several large funds recently added or initiated positions.

Shares of Globant S.A. (NYSE:GLOB - Get Free Report) have been assigned a consensus rating of "Hold" from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.38.

A number of research firms have recently issued reports on GLOB. Truist Financial cut their price objective on shares of Globant from $44.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, August 14th. Zacks Research lowered Globant from a "hold" rating to a "strong sell" rating in a research report on Monday, August 24th. Susquehanna dropped their price target on Globant from $78.00 to $70.00 and set a "positive" rating on the stock in a research note on Friday, August 14th. TD Cowen dropped their price target on Globant from $47.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $33.00 price target on Globant in a report on Friday, July 10th.

Globant Stock Performance

NYSE:GLOB opened at $35.70 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. Globant has a twelve month low of $27.56 and a twelve month high of $72.10. The company has a fifty day moving average of $37.67 and a 200-day moving average of $38.35. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.00, a P/E/G ratio of 4.48 and a beta of 0.98.

Globant (NYSE:GLOB - Get Free Report) last issued its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) 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 return on equity of 9.28% and a net margin of 4.63%.The firm's revenue was up .0% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts anticipate that Globant will post 4.58 EPS for the current year.

Insider Transactions at Globant

In other Globant news, insider Wanda Weigert sold 6,000 shares of the business's stock in a transaction on 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 insider owned 64,046 shares in the company, valued at approximately $2,590,660.70. The trade was a 8.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Diego Tartara sold 6,000 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $40.45, for a total transaction of $242,700.00. Following the sale, the chief technology officer owned 72,320 shares of the company's stock, valued at $2,925,344. This trade represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,500 shares of company stock valued at $585,400 over the last ninety days. 2.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Globant during the second quarter worth about $128,713,000. Pzena Investment Management LLC bought a new position in Globant in the 2nd quarter valued at about $111,700,000. Alyeska Investment Group L.P. boosted its stake in Globant by 78.5% during the 2nd quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider's stock valued at $85,516,000 after purchasing an additional 1,299,353 shares during the last quarter. Brandes Investment Partners LP boosted its stake in Globant by 4.0% during the 4th quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider's stock valued at $156,936,000 after purchasing an additional 91,732 shares during the last quarter. Finally, Capital International Investors increased its holdings in Globant by 10.6% during the 4th quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider's stock worth $149,292,000 after purchasing an additional 218,570 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

About Globant

Globant SA NYSE: GLOB is a digitally native technology services company that helps organizations develop, modernize and manage digital products and business operations. Its services include software product engineering, user experience and design, cloud transformation, data and analytics, artificial intelligence, enterprise platforms, cybersecurity and digital marketing.

The company works with clients across industries such as financial services, healthcare, media and entertainment, retail, travel and consumer products.

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