Globant S.A. (NYSE:GLOB) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Globant S.A. (NYSE:GLOB) have earned an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.81.

Several analysts have weighed in on the company. Needham & Company LLC lowered their target price on Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Wells Fargo & Company dropped their price target on Globant from $50.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Weiss Ratings downgraded Globant from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 14th. William Blair lowered shares of Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Zacks Research lowered shares of Globant from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th.

Globant Trading Down 2.0%

Shares of GLOB opened at $36.32 on Tuesday. 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 firm’s 50-day moving average is $37.63 and its two-hundred day moving average is $38.15. Globant has a twelve month low of $27.56 and a twelve month high of $72.10. The firm has a market capitalization of $1.59 billion, a P/E ratio of 14.24, a PEG ratio of 4.64 and a beta of 0.98.

Globant (NYSE:GLOB) 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 analysts’ consensus estimates of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.28%. The company had revenue of $614.42 million during the quarter, compared to analysts’ expectations of $612.86 million. During the same period last year, the business posted $1.53 earnings per share. The company’s quarterly 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, research analysts predict that Globant will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Globant news, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the sale, the executive owned 71,608 shares of the company’s stock, valued at $2,864,320. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Diego Tartara sold 6,000 shares of the stock in a transaction that occurred 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 chief technology officer owned 72,320 shares in the company, valued at $2,925,344. This represents a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,500 shares of company stock worth $585,400. Insiders own 2.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased 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 worth $80,000 after purchasing an additional 370 shares during the last quarter. Matthews International Capital Management LLC boosted its holdings in shares of Globant by 8.1% in the 1st 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 during the last quarter. MidFirst Bank acquired a new position in shares of Globant in the 4th quarter valued at $47,000. State of Wyoming grew its stake in shares of Globant by 62.7% during the 1st quarter. State of Wyoming now owns 1,943 shares of the information technology services provider’s stock valued at $90,000 after buying an additional 749 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Globant by 45.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,485 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 1,081 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Company Profile

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.