Globant (NYSE:GLOB) Stock Falls 6.2% – Should You Sell?

Shares of Globant S.A. (NYSE:GLOB) were down 6.2% on Tuesday. The stock traded as low as $44.56 and last traded at $44.8340. Approximately 176,119 shares changed 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.

Analyst Upgrades and Downgrades

GLOB has been the subject of a number of research analyst reports. Guggenheim lowered their target price on Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 14th. Itau BBA Securities downgraded shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research report on Wednesday, July 8th. Needham & Company LLC dropped their target price on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Truist Financial cut their target price on shares of Globant from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 14th. Finally, UBS Group set a $38.00 price target on shares of Globant in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Globant has an average rating of “Hold” and an average target price of $45.75.

Globant Trading Up 3.0%

The stock has a market capitalization of $2.17 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 5.82 and a beta of 0.86. 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 has a 50-day moving average price of $39.12 and a 200-day moving average price of $42.09.

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 the consensus estimate of $1.50 by ($0.10). The firm had revenue of $614.42 million during 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 quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, equities analysts forecast that Globant S.A. will post 4.57 EPS for the current fiscal year.

Insider Buying and Selling at Globant

In other news, CRO Fernando Matzkin sold 2,500 shares of Globant stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the executive owned 71,608 shares in the company, valued at approximately $2,864,320. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $242,700.00. Following the sale, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at approximately $2,925,344. This trade represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,500 shares of company stock worth $585,400 over the last 90 days. Corporate insiders own 2.67% of the company’s stock.

Hedge Funds Weigh In On Globant

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOB. M&G PLC increased its holdings in shares of Globant by 19.5% during the third quarter. M&G PLC now owns 615,323 shares of the information technology services provider’s stock valued at $21,536,000 after acquiring an additional 100,502 shares in the last quarter. CenterBook Partners LP acquired a new stake in Globant in the 3rd quarter worth approximately $2,662,000. Chicago Partners Investment Group LLC acquired a new stake in Globant in the 3rd quarter worth approximately $202,000. Covestor Ltd increased its stake in Globant by 73.5% during the 3rd quarter. Covestor Ltd now owns 2,433 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Globant by 27.7% in the third quarter. Pzena Investment Management LLC now owns 4,929,099 shares of the information technology services provider’s stock worth $171,040,000 after buying an additional 1,069,381 shares during the last quarter. 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.