Globant (NYSE:GLOB – Free Report) had its price target hoisted by Wells Fargo & Company from $39.00 to $48.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider’s stock.
A number of other equities analysts have also recently weighed in on GLOB. Guggenheim dropped their price target on Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 price objective on shares of Globant in a research note on Friday, July 10th. Itau BBA Securities cut shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 target price for the company. in a report on Wednesday, July 8th. Zacks Research cut shares of Globant from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, The Goldman Sachs Group dropped their target price 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.75.
Read Our Latest Stock Report on GLOB
Globant Stock Performance
GLOB opened at $43.34 on Monday. The firm has a market cap of $1.90 billion, a PE ratio of 16.99, a P/E/G ratio of 5.72 and a beta of 0.98. 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 business has a fifty day simple moving average of $38.45 and a 200-day simple moving average of $42.61. Globant 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 issued its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) 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 company had revenue of $614.42 million during the quarter, compared to analyst estimates of $612.86 million. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The business’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. As a group, equities analysts predict that Globant will post 4.57 EPS for the current fiscal year.
Insider Activity at Globant
In other Globant news, insider Wanda Weigert 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 completion of the sale, the insider owned 64,046 shares in the company, valued at $2,590,660.70. This represents a 8.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Fernando Matzkin sold 2,500 shares of Globant stock in a transaction 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 of the company’s stock, valued at $2,864,320. This trade represents a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 14,500 shares of company stock valued at $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. Pzena Investment Management LLC acquired a new position in shares of Globant in the first quarter worth $136,893,000. BlackRock Inc. purchased a new stake in shares of Globant during the second quarter worth $128,713,000. Alyeska Investment Group L.P. boosted 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 valued at $85,516,000 after purchasing an additional 1,299,353 shares during the last quarter. Wellington Management Group LLP boosted its position in Globant by 350.3% during the second quarter. Wellington Management Group LLP now owns 1,706,156 shares of the information technology services provider’s stock valued at $49,376,000 after purchasing an additional 1,327,268 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in 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 valued at $19,053,000 after purchasing an additional 47,110 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Globant
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.
