Globant rallies after Q1 revenue beats guidance and new $125M buyback authorization

Globant S.A. (GLOB) is up 12.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s Q1 2026 earnings update, which showed revenue above the high end of its own guidance alongside solid cash generation. Investors may also be reacting to the board’s newly approved $125 million share repurchase program and the company’s Q2 and full-year outlook ranges, which signaled an emphasis on profitability and capital returns.

Details:

Q1 2026 revenue was $607.1 million, which exceeded the company’s guidance, while non-IFRS adjusted EPS was $1.50.

Free cash flow for the quarter was $36.1 million, supporting the market’s focus on cash generation amid a low-growth environment.

The board approved a new share repurchase program of up to $125 million, with quarterly allocations up to $50 million, running from Q2 2026 through Q4 2027.

Management provided Q2 2026 revenue guidance of $610–$616 million and full-year 2026 revenue guidance of $2.462–$2.508 billion, alongside a 14%–15% non-IFRS adjusted operating margin range.

Sources:

Globant Investor Relations, U.S. SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GLOB Hedge Fund Activity

We have seen 169 institutional investors add shares of $GLOB stock to their portfolio, and 222 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PZENA INVESTMENT MANAGEMENT LLC added 2,968,828 shares (+inf%) to their portfolio in Q1 2026, for an estimated $136,892,659
WASATCH ADVISORS LP removed 1,243,309 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $57,328,977
JPMORGAN CHASE & CO removed 964,236 shares (-72.1%) from their portfolio in Q4 2025, for an estimated $63,032,107
ARGA INVESTMENT MANAGEMENT, LP removed 923,689 shares (-45.5%) from their portfolio in Q1 2026, for an estimated $42,591,299
PRINCIPAL FINANCIAL GROUP INC removed 815,703 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $37,612,065
GMT CAPITAL CORP added 682,800 shares (+inf%) to their portfolio in Q1 2026, for an estimated $31,483,908
DRIEHAUS CAPITAL MANAGEMENT LLC removed 665,035 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $30,664,763

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.

$GLOB Price Targets

Multiple analysts have issued price targets for $GLOB recently. We have seen 12 analysts offer price targets for $GLOB in the last 6 months, with a median target of $61.0.

Here are some recent targets:

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
Leonardo Olmos from UBS set a target price of $50.0 on 05/05/2026
Steven Wahrhaftig from Wedbush set a target price of $61.0 on 04/09/2026
Bryan Bergin from TD Cowen set a target price of $72.0 on 04/06/2026
Jason Kupferberg from Wells Fargo set a target price of $50.0 on 03/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.