Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 4,166 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $32.47, for a total value of $135,270.02. Following the completion of the transaction, the president directly owned 4,554,851 shares of the company’s stock, valued at $147,896,011.97. This represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nir Debbi also recently made the following trade(s):

• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The shares were sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total transaction of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total transaction of $130,229.16.

Global-e Online Stock Down 0.9%

NASDAQ:GLBE opened at $31.98 on Thursday. The business’s 50 day moving average is $31.24 and its two-hundred day moving average is $34.48. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The company has a market cap of $5.43 billion, a PE ratio of 49.20 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same quarter last year, the business posted ($0.11) EPS. Global-e Online’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, sell-side analysts expect that Global-e Online Ltd. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GLBE. Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $39.00 in a report on Wednesday, June 10th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Institutional Investors Weigh In On Global-e Online

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online during the fourth quarter valued at approximately $39,000. IFP Advisors Inc raised its stake in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Global-e Online during the 4th quarter valued at $72,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.