Globant (NYSE:GLOB) Sets New 12-Month Low – Here’s What Happened

Globant S.A. (NYSE:GLOB)’s share price hit a new 52-week low on Monday . The company traded as low as $38.38 and last traded at $38.6870, with a volume of 330870 shares. The stock had previously closed at $39.23.

Analyst Ratings Changes

Several research analysts recently weighed in on GLOB shares. UBS Group cut their target price on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company lowered their price target on Globant from $57.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. JPMorgan Chase & Co. lowered their price target on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Wedbush assumed coverage on Globant in a report on Thursday, April 9th. They issued an “outperform” rating and a $61.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Globant in a report on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.50.

Globant Stock Down 5.1%

The firm has a 50 day moving average price of $46.04 and a two-hundred day moving average price of $56.89. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.45 and a beta of 1.04.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting analysts’ consensus estimates of $1.54. The business had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, sell-side analysts expect that Globant S.A. will post 4.99 earnings per share for the current year.

Hedge Funds Weigh In On Globant

A number of hedge funds and other institutional investors have recently bought and sold shares of GLOB. Geneos Wealth Management Inc. boosted its stake in Globant by 352.0% in the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 352 shares during the period. Signaturefd LLC boosted its stake in Globant by 65.1% in the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 190 shares during the period. Allworth Financial LP boosted its stake in Globant by 473.3% in the fourth quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 407 shares during the period. Larson Financial Group LLC boosted its stake 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 acquiring an additional 578 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Globant by 34.3% in the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 182 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

About Globant

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.