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

Globant S.A. (NYSE:GLOB) has earned an average rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.75.

A number of research analysts have recently commented on the company. Mizuho dropped their price target on Globant from $59.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings lowered Globant from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Wedbush downgraded shares of Globant from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $54.00 to $37.00 in a report on Friday, August 14th. Wells Fargo & Company boosted their price objective on Globant from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. Finally, UBS Group set a $38.00 price objective on shares of Globant in a report on Friday, August 14th.

Insider Buying and Selling

In other Globant news, CRO Fernando Matzkin sold 2,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the sale, the executive directly owned 71,608 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, insider Wanda Weigert sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the transaction, the insider directly owned 64,046 shares in the company, valued at approximately $2,590,660.70. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,500 shares of company stock worth $585,400. Corporate insiders own 2.67% of the company’s stock.

Hedge Funds Weigh In On Globant

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Globant during the second quarter valued at about $10,878,000. NS Partners Ltd acquired a new position in shares of Globant during the 2nd quarter worth about $4,847,000. Lazard Asset Management LLC increased its stake in Globant by 113.5% in the first quarter. Lazard Asset Management LLC now owns 326,027 shares of the information technology services provider’s stock valued at $15,033,000 after purchasing an additional 173,302 shares during the last quarter. BlackRock Inc. acquired a new stake in Globant during the 2nd quarter worth $128,713,000. Finally, ABN Amro Investment Solutions acquired a new stake in shares of Globant in the 1st quarter valued at about $10,146,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Stock Performance

Shares of NYSE:GLOB opened at $47.41 on Friday. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 6.07 and a beta of 0.86. The firm’s 50 day simple moving average is $39.48 and its 200 day simple moving average is $41.92.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $612.86 million. During the same quarter last year, the company earned $1.53 EPS. The firm’s quarterly 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. As a group, sell-side analysts forecast that Globant will post 4.57 earnings per share for the current year.

About Globant

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.