Law Offices of Frank R. Cruz Encourages Globant S.A. (GLOB) Shareholders To Inquire About Securities Fraud Class Action

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Globant S.A. (“Globant” or the “Company”) (NYSE: GLOB) common stock between February 15, 2024 and August 14, 2025, inclusive (the “Class Period”). Globant investors have until June 23, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR GLOBANT S.A. (GLOB) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at [e-mail], by telephone at [phone], or visit our website at www.frankcruzlaw.com.

What Happened?

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, Globant’s stock price fell $58.45, or 27.8%, to close at $151.72 per share on February 21, 2025, thereby injuring investors.

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, Globant’s stock price fell $31.37, or 23.6%, to close at $101.47 per share on May 16, 2025.

Then, 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, Globant’s stock price fell $11.66, or 14.9%, to close at $66.46 per share on August 15, 2025, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Globant was facing decreasing demand across Latin America and had frozen wages in both Argentina and Mexico in late 2023 and Latin American clients were reducing and cancelling their projects with the Company; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased Globant common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Telephone: [phone]
Email: [e-mail]
Visit our website at: www.frankcruzlaw.com

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