Globant S.A. (NYSE:GLOB – Get Free Report) CTO Diego Tartara sold 6,000 shares of the business’s stock in a transaction 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 sale, the chief technology officer owned 72,320 shares in the company, valued at $2,925,344. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Globant Stock Performance
NYSE:GLOB opened at $40.58 on Friday. The firm’s fifty day simple moving average is $34.50 and its 200-day simple moving average is $40.58. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.78 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. Globant S.A. has a fifty-two week low of $27.56 and a fifty-two week high of $72.10.
Globant (NYSE:GLOB – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 EPS 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 business earned $1.53 EPS. The firm’s revenue for the quarter 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. Analysts expect that Globant S.A. will post 4.65 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $33.00 price target on Globant in a report on Friday, July 10th. Guggenheim decreased their target price on Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Wedbush lowered Globant from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $54.00 to $37.00 in a report on Friday, August 14th. UBS Group set a $38.00 price target on Globant in a research report on Friday, August 14th. Finally, Zacks Research lowered shares of Globant from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.38.
Get Our Latest Stock Report on Globant
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in GLOB. BlackRock Inc. purchased a new stake in shares of Globant in the second quarter valued at $128,713,000. Pzena Investment Management LLC purchased a new position in Globant during the second quarter worth about $111,700,000. Alyeska Investment Group L.P. lifted its position in Globant by 78.5% during the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock worth $85,516,000 after buying an additional 1,299,353 shares during the period. Brandes Investment Partners LP boosted its stake in Globant by 4.0% in the 4th quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock worth $156,936,000 after buying an additional 91,732 shares during the last quarter. Finally, Capital International Investors boosted its stake in Globant by 10.6% in the 4th quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after buying an additional 218,570 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Globant Company Profile
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.
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