Globant S.A. (NYSE: GLOB)

This lawsuit is for anyone who acquired securities in Globant S.A. (NYSE: GLOB) from February 15, 2024 through August 14, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by concealing various problems the Company was having with its Latin American business.

On February 20, 2025, Globant released its fourth quarter 2024 financial results, missing guidance and reporting a 1.3% decrease in Latin American revenue, stating that the “situation” in Latin America was “a little bit rocky . . . because of the political turmoil and different things that happened in Brazil and in Colombia, mainly.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on May 15, 2025, Globant released its first quarter 2025 financial results, announcing lower than expected growth in Latin America, citing “a challenging macroeconomic and geopolitical context” affecting the “spending patterns among some of [Globant’s] largest customers,” particularly in Latin America. Globant also disclosed that its Latin American revenue declined 9% year-over-year, “with notable contractions in Mexico and Brazil.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on August 14, 2025, Globant announced that it had reduced its headcount by about 1,000 employees and taken a $47.6 million restructuring charge. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Globant S.A. (NYSE: GLOB) from February 15, 2024 through August 14, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.