Globant (NYSE:GLOB) Shares Up 4.8% – Should You Buy?

Globant S.A. (NYSE:GLOB) shares traded up 4.8% during mid-day trading on Tuesday. The stock traded as high as $38.37 and last traded at $38.1680. Approximately 60,224 shares changed hands during trading, a decline of 96% from the average daily volume of 1,579,420 shares. The stock had previously closed at $36.43.

Analyst Ratings Changes

Several analysts have issued reports on GLOB shares. 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. The Goldman Sachs Group lowered their price objective on Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Canaccord Genuity Group set a $35.00 target price on shares of Globant in a research note on Friday, August 14th. Truist Financial lowered their target price on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a report on Friday, August 14th. Finally, Guggenheim reduced their price target on shares of Globant from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.62.

Globant Stock Up 4.5%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day moving average price of $37.61 and a 200 day moving average price of $38.06. The company has a market cap of $1.67 billion, a P/E ratio of 14.90, a P/E/G ratio of 4.64 and a beta of 0.98.

Globant (NYSE:GLOB) last issued its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share 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 business had revenue of $614.42 million during the quarter, compared to analyst estimates of $612.86 million. During the same period in the previous year, the company posted $1.53 earnings per share. Globant’s revenue was up .0% compared to the same quarter last year. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Research analysts expect that Globant S.A. will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Globant news, CTO Diego Tartara sold 6,000 shares of the company’s stock in a transaction dated 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 directly owned 72,320 shares of the company’s stock, valued at approximately $2,925,344. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanda Weigert sold 6,000 shares of Globant 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,500 shares of company stock worth $585,400. Company insiders own 2.67% of the company’s stock.

Hedge Funds Weigh In On Globant

A number of hedge funds have recently modified their holdings of GLOB. MidFirst Bank bought a new position in shares of Globant during the 4th quarter valued at $47,000. Essential Partners LLC bought a new position in Globant in the 1st quarter worth $55,000. EverSource Wealth Advisors LLC raised its holdings in Globant by 872.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock worth $59,000 after acquiring an additional 1,143 shares during the period. Parallel Advisors LLC raised its holdings in Globant by 27.1% in the 1st quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock worth $80,000 after acquiring an additional 370 shares during the period. Finally, Allworth Financial LP acquired a new position in Globant during the 2nd quarter worth $55,000. 91.60% of the stock is 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.