Global-e Online (NASDAQ:GLBE) President Sells $234,397.80 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 6,890 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $34.02, for a total value of $234,397.80. Following the completion of the sale, the president directly owned 4,547,961 shares in the company, valued at approximately $154,721,633.22. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
• 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 transaction of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total transaction 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 stock was 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 value 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 value 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 shares were sold at an average price of $33.06, for a total transaction of $137,727.96.

Global-e Online Stock Performance

Shares of GLBE stock traded up $0.23 on Thursday, hitting $34.28. 425,262 shares of the company’s stock traded hands, compared to its average volume of 1,575,933. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 52.76 and a beta of 1.16. The company’s fifty day simple moving average is $31.45 and its 200 day simple moving average is $34.20. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GLBE. Wasatch Advisors LP raised its holdings in Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock worth $199,247,000 after purchasing an additional 1,637,482 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after buying an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC lifted its holdings in Global-e Online by 4.6% in the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after buying an additional 211,034 shares during the period. Arohi Asset Management PTE Ltd. boosted its position in Global-e Online by 0.6% during the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after acquiring an additional 23,213 shares in the last quarter. Finally, Spyglass Capital Management LLC grew its holdings in shares of Global-e Online by 63.0% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after acquiring an additional 1,044,960 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GLBE. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. UBS Group dropped their target price on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Finally, Morgan Stanley cut their target price on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

About Global-e Online

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.