Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 14,582 Shares of Company Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of Global-e Online stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $40.18, for a total transaction of $585,904.76. Following the transaction, the president directly owned 4,371,957 shares in the company, valued at $175,665,232.26. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $36.89, for a total transaction of $307,367.48.
• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were sold at an average price of $39.56, for a total transaction of $485,480.32.
• On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The shares were sold at an average price of $39.21, for a total transaction of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36.
• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total value of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total value of $5,853.00.

Global-e Online Stock Up 1.1%

NASDAQ GLBE opened at $39.76 on Tuesday. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99. The business has a 50-day moving average price of $39.58 and a 200-day moving average price of $35.15. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 46.23 and a beta of 0.98.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The company had revenue of $299.00 million for the quarter. Research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GLBE shares. Morgan Stanley upped their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a report on Tuesday, September 1st. Loop Capital set a $49.00 price objective on Global-e Online in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.69.

Institutional Trading of Global-e Online

A number of large investors have recently made changes to their positions in the business. MCF Advisors LLC raised its stake in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after acquiring an additional 552 shares during the period. Seelaus Asset Management LLC purchased a new position in shares of Global-e Online during the 1st quarter worth about $231,000. Lombard Odier Asset Management USA Corp bought a new position in Global-e Online during the 1st quarter valued at about $239,000. Hennion & Walsh Asset Management Inc. raised its position in Global-e Online by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after purchasing an additional 631 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Global-e Online in the 4th quarter worth about $1,062,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.