Globant SA Has Another Very Negative Options Trading Session

 Globant SA Has Another Very Negative Options Trading Session

In today’s session Globant SA (GLOB) recorded an unusually high (671) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GLOB decrease. With 671 contracts traded and 434 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GLOB161118P00035000 closed last at: $0.1 or 60% down. About 225,037 shares traded hands. Globant SA (NYSE:GLOB) has risen 20.88% since April 14, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.

Globant SA (NYSE:GLOB) Ratings Coverage

Out of 7 analysts covering Globant SA (NYSE:GLOB), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Globant SA has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, December 17. Citigroup upgraded the shares of GLOB in a report on Monday, February 8 to “Buy” rating. Jefferies initiated Globant SA (NYSE:GLOB) on Wednesday, August 12 with “Hold” rating. Wedbush initiated the shares of GLOB in a report on Friday, September 9 with “Outperform” rating. The rating was maintained by Citigroup on Thursday, August 11 with “Buy”. The rating was initiated by SunTrust on Monday, December 21 with “Buy”. The stock of Globant SA (NYSE:GLOB) has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. The firm has “Overweight” rating by JP Morgan given on Thursday, August 11. The rating was maintained by Jefferies with “Hold” on Monday, May 16.

According to Zacks Investment Research, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in 2016 Q2. Its down 0.28, from 1.61 in 2016Q1. The ratio worsened, as 12 funds sold all Globant SA shares owned while 31 reduced positions. 18 funds bought stakes while 39 increased positions. They now own 18.01 million shares or 8.81% more from 16.56 million shares in 2016Q1.
Us Bancorp De has 1,997 shares for 0% of their US portfolio. Federated Investors Pa last reported 152,504 shares in the company. Tiaa Cref Inv Mngmt Ltd Llc holds 0% of its portfolio in Globant SA (NYSE:GLOB) for 84,426 shares. Gotham Asset Mgmt Ltd Company holds 22,816 shares or 0.01% of its portfolio. Morgan Stanley owns 1.10 million shares or 0.02% of their US portfolio. Moreover, Grandeur Peak Glob Ltd Liability Company has 0.36% invested in Globant SA (NYSE:GLOB) for 58,600 shares. Wall Street Assoc accumulated 75,300 shares or 1.18% of the stock. Artisan Partners Lp holds 25,236 shares or 0% of its portfolio. Blackrock holds 0% of its portfolio in Globant SA (NYSE:GLOB) for 61,676 shares. Blackrock Mngmt Lc last reported 95,740 shares in the company. Boston Advsr Limited Liability Co owns 12,300 shares or 0.01% of their US portfolio. Schwab Charles Inv reported 39,751 shares or 0% of all its holdings. Herndon Ltd Liability Company accumulated 0% or 110 shares. Fisher Asset Mngmt Limited Liability Corp has invested 0% of its portfolio in Globant SA (NYSE:GLOB). California State Teachers Retirement System accumulated 53,906 shares or 0% of the stock.

Globant S.A. is a digitally native technology services company. The company has a market cap of $1.22 billion. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. It has a 41.59 P/E ratio. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

GLOB Company Profile

Globant S.A., incorporated on December 27, 2012, is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe. It manufactures digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Firm delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its clients stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.

More notable recent Globant SA (NYSE:GLOB) news were published by: Foxbusiness.com which released: “Why Shares of Globant SA Are Getting Crushed Today” on November 15, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Globant S.A., VirnetX Holding, Apple and Amaya” published on November 14, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on August 02, 2010. More interesting news about Globant SA (NYSE:GLOB) were released by: Quotes.Wsj.com and their article: “Globant SA GLOB (US: NYSE)” published on June 06, 2011 as well as Investorplace.com‘s news article titled: “Best Stocks of 2016: Globant SA (GLOB) Emerges as Digital Transformation Leader” with publication date: October 10, 2016.

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