Sloane Robinson Llp Lowers stake in Globant SA (GLOB)

Globant SA (GLOB) : Sloane Robinson Llp reduced its stake in Globant SA by 62.99% during the most recent quarter end. The investment management company now holds a total of 53,000 shares of Globant SA which is valued at $2,327,230 after selling 90,200 shares in Globant SA , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Globant SA makes up approximately 1.89% of Sloane Robinson Llp’s portfolio.

Other Hedge Funds, Including , Gerstein Fisher sold out all of its stake in GLOB during the most recent quarter. The investment firm sold 28,293 shares of GLOB which is valued $1,242,346.Wcm Investment Managementca boosted its stake in GLOB in the latest quarter, The investment management firm added 9,075 additional shares and now holds a total of 66,689 shares of Globant SA which is valued at $2,872,295. Globant SA makes up approx 0.04% of Wcm Investment Managementca’s portfolio.Gilder Gagnon Howe Co reduced its stake in GLOB by selling 8,058 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 1,118,220 shares of GLOB which is valued at $48,508,384. Globant SA makes up approx 0.90% of Gilder Gagnon Howe Co’s portfolio. Herndon Capital Management added GLOB to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $4,641.

Globant SA closed down -1.17 points or -2.77% at $41.13 with 1,66,093 shares getting traded on Monday. Post opening the session at $42.2, the shares hit an intraday low of $41.05 and an intraday high of $42.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Globant SA reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.28. The company had revenue of $79.90 million for the quarter, compared to analysts expectations of $77.31 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Globant SA. Globant SA was Initiated by Pacific Crest to “Sector Weight” on Jul 12, 2016.

Globant S.A. is a technology services provider. As of December 31 2014 the Company had 3775 Globers and 29 delivery centers across 19 cities in Argentina Uruguay Colombia Brazil Mexico Peru and the United States supported by four client management locations in the United States and one client management location in each of United Kingdom Colombia Uruguay Argentina and Brazil. The Company’s 12 Studios include Consumer Experience; Gaming; Big Data and High Performance; Quality Engineering; Enterprise Consumerization; UX and Social; Mobile; Cloud Computing and Infrastructure; Wearables and Internet of Things; After Going Live; Digital Content; and Product Innovation. The Globers for each Studio include engineers architects artists and designers business analysts quality control analysts marketing professionals and project managers.

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