Alejandro Nicolas Aguzin, Director at Globant S.A. (GLOB), bought 25,000 shares at $38.87 ($972K) on 2026-05-27, disclosed to the SEC on 2026-05-28.
Director Alejandro Nicolas Aguzin purchased 25,000 shares at $38.87, representing the largest insider purchase in the company's history. This bold move coincides with the stock's 36.37% year-to-date decline, suggesting confidence in the company's AI-driven turnaround and new buyback program.
The stock has suffered a sharp correction, falling 36.37% year-to-date while trading at a forward P/E of 5.93.
Catalysts include the strategic partnership with Cascadience announced on May 28, the Q1 2026 earnings beat where revenue came in at $607.1 million on May 15, and the initiation of a new $125 million share repurchase program on May 16.
The stock faces elevated short interest at 20.05% of the float, and recent analysis notes that momentum has been weak despite the AI push.
Something here stands out, but not much.
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| MELI | BUY | 2017-12-14 | $5.5M | — | Filing → |