Globant (NYSE:GLOB) Shares Down 4.5% Following Insider Selling

Posted by Brenda Bartman on Sep 4th, 2026

Shares of Globant S.A. (NYSE:GLOB – Get Free Report) were down 4.5% during trading on Friday after an insider sold shares in the company. The company traded as low as $38.34 and last traded at $38.5240. 187,131 shares traded hands during trading, a decline of 89% from the average session volume of 1,680,440 shares. The stock had previously closed at $40.35.

Specifically, CRO Fernando Matzkin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive directly owned 71,608 shares in the company, valued at approximately $2,864,320. This trade represents a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GLOB shares. Citigroup lowered their price objective on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. William Blair lowered Globant from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price objective on Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Wedbush cut shares of Globant from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $54.00 to $37.00 in a research note on Friday, August 14th. Finally, The Goldman Sachs Group cut their price objective on shares of Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.38.

Get Our Latest Stock Report on GLOB

Globant Trading Down 4.6%

The company has a market cap of $1.69 billion, a P/E ratio of 15.11, a PEG ratio of 2.51 and a beta of 0.98. 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 business has a 50 day moving average price of $35.37 and a 200-day moving average price of $40.05.

Globant (NYSE:GLOB – Get Free Report) last posted its 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 return on equity of 9.28% and a net margin of 4.63%.The business had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm’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. Analysts forecast that Globant S.A. will post 4.61 earnings per share for the current fiscal year.

Globant declared that its board has approved a stock repurchase plan on Monday, May 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Globant

A number of large investors have recently made changes to their positions in GLOB. Maxi Investments CY Ltd acquired a new stake in Globant in the fourth quarter valued at approximately $2,255,000. Principal Financial Group Inc. lifted its stake in shares of Globant by 340.3% in the 4th quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock valued at $53,323,000 after acquiring an additional 630,440 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Globant by 113.5% during the 1st quarter. Lazard Asset Management LLC now owns 326,027 shares of the information technology services provider’s stock valued at $15,033,000 after acquiring an additional 173,302 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Globant during the 1st quarter valued at $10,146,000. Finally, Bank of America Corp DE grew its holdings in shares of Globant by 12.9% during the first quarter. Bank of America Corp DE now owns 413,210 shares of the information technology services provider’s stock worth $19,053,000 after purchasing an additional 47,110 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

About Globant

(Get Free Report)

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.