Globant S.A. (GLOB) Stock Falls on Q2 2026 Earnings

Globant S.A. ($GLOB) reported second-quarter 2026 revenue of $614.4 million, essentially flat year over year and just below Wall Street expectations. The company posted a meaningful improvement in operating profit, which rose to $19.9 million, even as gross profit declined and net income slipped.

Profitability was mixed in the quarter:

Gross profit came in at $208.2 million, down 4.3% from a year earlier.

Operating profit increased 238.9% year over year to $19.9 million.

Net income attributable to common shareholders was $1.8 million.

Diluted earnings per share were $0.04.

Cash generation remained positive, with operating cash flow climbing to $30.2 million. Capital spending totaled $17.6 million, while cash and cash equivalents stood at $163.8 million. Total liabilities declined to $1.1 billion, suggesting a stronger balance-sheet position. Shares fell 17.83% after the market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Globant S.A. Insider Trading Activity

Globant S.A. insiders have traded $GLOB stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $GLOB stock by insiders over the last 6 months:

ALEJANDRO NICOLAS AGUZIN purchased 25,000 shares for an estimated $971,837

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

Globant S.A. Hedge Fund Activity

We have seen 183 institutional investors add shares of Globant S.A. stock to their portfolio, and 200 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 1,909,730 shares (+75.3%) to their portfolio in Q2 2026, for an estimated $55,267,586
ROYAL BANK OF CANADA removed 1,322,796 shares (-74.4%) from their portfolio in Q1 2026, for an estimated $60,994,123
WASATCH ADVISORS LP removed 1,243,309 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $57,328,977
ARGA INVESTMENT MANAGEMENT, LP removed 1,105,070 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $31,980,725
ALYESKA INVESTMENT GROUP, L.P. added 1,082,732 shares (+189.0%) to their portfolio in Q1 2026, for an estimated $49,924,772
BRANDES INVESTMENT PARTNERS, LP added 1,023,668 shares (+42.6%) to their portfolio in Q1 2026, for an estimated $47,201,331
JPMORGAN CHASE & CO added 986,177 shares (+inf%) to their portfolio in Q2 2026, for an estimated $28,539,962

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Globant S.A. Price Targets

Multiple analysts have issued price targets for $GLOB recently. We have seen 13 analysts offer price targets for $GLOB in the last 6 months, with a median target of $50.0.

Here are some recent targets:

Bryan Bergin from TD Cowen set a target price of $47.0 on 07/09/2026
Maria Clara Infantozzi from Itau BBA set a target price of $39.0 on 07/08/2026
Mayank Tandon from Needham set a target price of $50.0 on 05/15/2026
Arvind Ramnani from Truist Securities set a target price of $44.0 on 05/15/2026
James Friedman from Susquehanna set a target price of $78.0 on 05/15/2026
James Schneider from Goldman Sachs set a target price of $60.0 on 05/15/2026
Luke Morison from Canaccord Genuity set a target price of $40.0 on 05/15/2026