Globant (NYSE:GLOB) Hits New 1-Year Low – Time to Sell?

Shares of Globant S.A. (NYSE:GLOB) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $39.90 and last traded at $40.0480, with a volume of 134406 shares trading hands. The stock had previously closed at $41.02.

More Globant News

Here are the key news stories impacting Globant this week:

• Neutral Sentiment: Q1 2026 earnings date set — Globant will report results for the quarter ended March 31, 2026, after the close on May 14; management will host a video conference and live Q&A (a scheduled earnings release can be a catalyst in either direction). Globant to Announce First Quarter 2026 Financial Results on May 14th
• Negative Sentiment: Multiple law firms have announced or are soliciting clients for a securities?fraud class action covering purchases between Feb 15, 2024 and Aug 14, 2025; Rosen, Pomerantz, Bernstein Liebhard, Faruqi & Faruqi, Portnoy and others are seeking lead plaintiffs and note a June 23, 2026 deadline for lead?plaintiff motions. This concentrated litigation publicity increases uncertainty, could lead to legal fees, potential settlements or charges, and generally puts downward pressure on the share price until resolved. GLOB Investors Have Opportunity to Lead Globant S.A. Securities Fraud Lawsuit INVESTOR ALERT: Pomerantz Law Firm Reminds Investors GLOBANT S.A. (GLOB) SHAREHOLDER ALERT Bernstein Liebhard LLP

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLOB. UBS Group restated a “neutral” rating and set a $75.00 price objective on shares of Globant in a research note on Monday, January 19th. Wedbush assumed coverage on Globant in a research note on Thursday, April 9th. They issued an “outperform” rating and a $61.00 price target for the company. Wells Fargo & Company dropped their price objective on Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. TD Cowen decreased their target price on shares of Globant from $74.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Globant in a report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Globant has a consensus rating of “Hold” and a consensus price target of $74.06.

Globant Trading Up 1.3%

The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.48 and a beta of 1.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $46.20 and its 200 day simple moving average is $57.28.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting analysts’ consensus estimates of $1.54. The firm had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, research analysts expect that Globant S.A. will post 5.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Globant

Several large investors have recently modified their holdings of the stock. Pzena Investment Management LLC bought a new position in shares of Globant in the first quarter valued at about $136,893,000. Brandes Investment Partners LP raised its position in shares of Globant by 4.0% in the fourth 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 period. Capital International Investors raised its position in shares of Globant by 10.6% in the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock valued at $149,292,000 after purchasing an additional 218,570 shares during the period. ARGA Investment Management LP increased its position in Globant by 14,073.7% during the third quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock worth $118,065,000 after acquiring an additional 2,043,077 shares during the period. Finally, Royal Bank of Canada increased its position in Globant by 8.5% during the fourth quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock worth $116,209,000 after acquiring an additional 138,596 shares during the period. 91.60% of the stock is owned by institutional investors.

About Globant

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.