Gilder Gagnon Howe Co Lowers stake in Globant SA (GLOB)

Globant SA (GLOB) : Gilder Gagnon Howe Co reduced its stake in Globant SA by 0.72% during the most recent quarter end. The investment management company now holds a total of 1,118,220 shares of Globant SA which is valued at $48,508,384 after selling 8,058 shares in Globant SA , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Globant SA makes up approximately 0.90% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in GLOB in the latest quarter, The investment management firm added 21,505 additional shares and now holds a total of 53,906 shares of Globant SA which is valued at $2,338,442. Hood River Capital Management added GLOB to its portfolio by purchasing 75,870 company shares during the most recent quarter which is valued at $3,200,955. Globant SA makes up approx 0.39% of Hood River Capital Management’s portfolio. Capital Fund Management S.a. sold out all of its stake in GLOB during the most recent quarter. The investment firm sold 19,600 shares of GLOB which is valued $810,852. Ct Financial Advisors added GLOB to its portfolio by purchasing 125 company shares during the most recent quarter which is valued at $5,004. Bnp Paribas Arbitrage Sa added GLOB to its portfolio by purchasing 1,003 company shares during the most recent quarter which is valued at $40,150.

Globant SA closed down -0.78 points or -1.80% at $42.6 with 1,95,619 shares getting traded on Thursday. Post opening the session at $43.57, the shares hit an intraday low of $42.4 and an intraday high of $43.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Globant SA reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.23. The company had revenue of $73.33 million for the quarter, compared to analysts expectations of $69.88 million. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 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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