Pomerantz Law Firm Notifies Investors of Class Action Lawsuit Against Globant SA and Important Deadlines

Investor Alert: Class Action Lawsuit filed Against Globant SA

Pomerantz LLP, a well-respected name in corporate and securities litigation, has recently announced that a class action lawsuit has been initiated against Globant SA (NYSE: GLOB). The lawsuit highlights significant concerns regarding possible securities fraud or engagement in unlawful business practices by the company and some of its executives.

Important Notice for Investors

Investors who have suffered losses related to their investments in Globant SA are encouraged to take action. If you purchased shares or acquired securities of Globant during the Class Period, you have the option to ask the Court to appoint you as Lead Plaintiff. This opportunity is available until June 23, 2026. To participate, interested individuals should reach out to Danielle Peyton at Pomerantz LLP by either calling 646-581-9980 or using the email address [email protected]. When contacting via email, it is advisable to include your mailing address, phone number, and details of your share purchases for further assistance.

Context of the Lawsuit

The class action stems from events initiated on February 20, 2025, when Globant revealed its fourth-quarter and annual financial results for the year 2024. The report showed a concerning 1.3% decline in revenue from Latin America, leading to a more cautious outlook for the first quarter of 2025. During the earnings call, CEO Martín Migoya indicated that 2024 presented a ``rocky situation`` in Latin America, attributing this instability to political turmoil in key countries such as Brazil and Colombia.

The market reacted negatively to this news, causing Globant’s stock price to plunge by $58.45 per share, marking a dramatic drop of 27.81%, closing at $151.72 on February 21, 2025.

On May 15, 2025, Globant's disappointing Q1 results further exacerbated investor concerns, as the company reported lower-than-expected growth, particularly in the challenging macroeconomic and geopolitical context prevalent in Latin America. Mikoya revealed a slower pace in pipeline conversions in the U.S. market and reported alarming contractions in the company's revenue across crucial Latin American markets, specifically a 9% year-over-year decline with sharp decreases in both Mexico and Brazil.

Such disclosures led to another significant decline in Globant's stock, dropping $31.37 per share, which represented a 23.61% decrease at the close on May 16, 2025, settling at $101.47 per share.

Adding to the failure of expectations, Globant's mixed Q2 2025 results were shared on August 14, 2025, where the company announced a reduction in its workforce by 2% and recorded a hefty restructuring charge of $47.6 million. Consequently, this bad news resulted in yet another drop in stock price, falling $11.66 or 14.93% to close at $66.46 per share on August 15, 2025.

About Pomerantz LLP

Pomerantz LLP, with a storied history of over 85 years, has solidified its status as a leading firm in corporate, securities, and antitrust class action litigation. The firm is renowned for its advocacy on behalf of investors suffering from corporate misconduct and securities fraud, having successfully recovered many substantial damages awards for class members. Founded by Abraham L. Pomerantz, a pioneer in securities class action law, Pomerantz continues to uphold its legacy of pursuing justice for the victims of fraudulent practices.

For more information regarding this class action and other related legal matters, please visit www.pomerantzlaw.com.

Please remember that this article serves as attorney advertising, and prior results do not guarantee the same outcomes in future cases.