** Globant SA
** Spruce Point Capital said it is short the stock, expects"shares to be materially re-rated lower by 40-50" pct https://bit.ly/2Ej872Y
** Globant has a slowing organic growth profile, accordingto Spruce, and estimates about 47 pct of co's 2017 growth wasfrom acquisitions
** Spruce said insiders have sold or transferred over 70 pctof shares since Globant IPO in Jul 2014; says Globant filesinsider transactions electronically with Luxembourg exchange butpaper form 144s with the SEC
** WPP is largest Globant shareholder, whose CEOMartin Sorrell is under investigation for misuse of companyassets; Spruce believes it could be a "major overhang" onGlobant shares
** Of 10 analysts covering Globant, 7 maintain a "buy" orhigher rating, according to Thomson Reuters data; median PT of