Analysts Set Globant S.A. (NYSE:GLOB) PT at $46.38

Shares of Globant S.A. (NYSE:GLOB) have received a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $46.3750.

A number of equities research analysts recently commented on GLOB shares. Wedbush downgraded shares of Globant from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $54.00 to $37.00 in a research report on Friday, August 14th. The Goldman Sachs Group cut their target price on Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. William Blair lowered Globant from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Truist Financial cut their price objective on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, August 14th. Finally, Citigroup reduced their target price on Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, July 27th.

Insider Activity at Globant

In related news, insider Wanda Weigert sold 6,000 shares of the business’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 sale, the insider owned 64,046 shares of the company’s stock, valued at approximately $2,590,660.70. The trade was a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Fernando Matzkin sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the transaction, the executive owned 71,608 shares in the company, valued at $2,864,320. The trade was a 3.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,500 shares of company stock worth $585,400 over the last 90 days. Company insiders own 2.67% of the company’s stock.

Institutional Investors Weigh In On Globant

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP raised its holdings in Globant by 473.3% during the fourth quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 407 shares during the last quarter. Larson Financial Group LLC grew its holdings in Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 578 shares during the last quarter. MidFirst Bank acquired a new stake in Globant in the fourth quarter valued at $47,000. Essential Partners LLC purchased a new position in shares of Globant in the first quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Globant by 872.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock valued at $59,000 after buying an additional 1,143 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Stock Up 0.0%

Shares of Globant stock opened at $37.76 on Friday. The company has a market cap of $1.66 billion, a P/E ratio of 14.81, a PEG ratio of 2.44 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. Globant has a one year low of $27.56 and a one year high of $72.10. The firm has a fifty day moving average of $36.19 and a two-hundred day moving average of $39.67.

Globant (NYSE:GLOB) last issued its 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 firm had revenue of $614.42 million during the quarter, compared to analysts’ expectations of $612.86 million. During the same period in the previous year, the firm earned $1.53 EPS. The firm’s revenue 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. On average, analysts forecast that Globant will post 4.61 earnings per share for the current year.

Globant declared that its Board of Directors has initiated a share buyback plan on Monday, May 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

About Globant

Globant SA is a digitally native technology services company that helps organizations develop software, modernize technology platforms and pursue digital transformation initiatives. Its services include product engineering, cloud and infrastructure solutions, data and artificial intelligence, enterprise applications, user experience design, and technology consulting.

The company serves clients across industries such as financial services, healthcare, media and entertainment, retail, travel, and consumer products.