Overview

A class action lawsuit has been filed against Globant S.A. (“Globant” or the “Company”) (NYSE: GLOB) and certain of the Company’s senior executive officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Globant lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Globant common stock between February 15, 2024, and August 14, 2025, inclusive (the “Class Period”). Investors have until June 23, 2026, to seek appointment as lead plaintiff of the Globant class action lawsuit.

Globant is a Luxembourg-incorporated international technology company that provides digital consulting and related services.  In mid-2023, Globant announced a $1 billion strategic pivot to increase its Latin American business.

The complaint alleges that Globant and certain of its senior executives made materially false and misleading statements regarding the Company’s business operations and growth strategy in Latin America. Throughout the Class Period, Defendants touted the success of Globant’s strategic expansion in the region, emphasizing strong demand, growth opportunities, and the Company’s leadership position.

In reality, Globant’s Latin American operations were deteriorating. The Company was allegedly experiencing declining customer demand, client defections, and project cancellations, while internal cost-cutting measures led to employee unrest and impaired service quality. These adverse conditions undermined the Company’s ability to sustain growth, contrary to Defendants’ public representations.

The truth began to emerge on February 20, 2025, when Globant reported disappointing results and disclosed weakness in its Latin American business, causing its stock price to decline by nearly 28%.

Then, on May 15, 2025, the Company reported declining revenue in the region and acknowledged challenging conditions affecting customer spending. On this news, the Company’s stock priced fell more than 23%. 

Then, on August 14, 2025, Globant disclosed workforce reductions, a $47.6 million restructuring charge, and ongoing deterioration in key Latin American markets. On this news, Globant’s stock price fell $11.66 per share, or nearly 15% from a closing price of $78.12 per share on August 14, 2025, to a closing price of $66.46 per share on August 15, 2025.

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If you purchased or otherwise acquired Globant common stock between February 15, 2024, and August 14, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Globant class action lawsuit is June 23, 2026.