Global-e Online (NASDAQ:GLBE) CFO Sells $11,400.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 300 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $38.00, for a total value of $11,400.00. Following the completion of the sale, the chief financial officer directly owned 153,189 shares of the company’s stock, valued at $5,821,182. This represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ofer Koren also recently made the following trade(s):

• On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The shares were sold at an average price of $36.68, for a total value of $458,500.00.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded up $0.30 during mid-day trading on Wednesday, reaching $36.78. 1,499,868 shares of the company traded hands, compared to its average volume of 1,542,432. The company’s fifty day moving average is $38.91 and its two-hundred day moving average is $34.69. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The stock has a market cap of $6.24 billion, a PE ratio of 42.77 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GLBE shares. Truist Financial raised their target price on shares of Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Jefferies Financial Group restated a “buy” rating and set a $48.00 price target on shares of Global-e Online in a report on Wednesday, August 12th. Weiss Ratings raised Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Hedge Funds Weigh In On Global-e Online

Several large investors have recently bought and sold shares of the stock. Main Management ETF Advisors LLC raised its position in shares of Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after buying an additional 536 shares during the last quarter. MCF Advisors LLC grew its position in Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after buying an additional 552 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after acquiring an additional 631 shares during the period. Royal Bank of Canada increased its stake in Global-e Online by 2.8% during the first quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after acquiring an additional 996 shares during the period. Finally, Sei Investments Co. increased its stake in Global-e Online by 0.3% during the first quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after acquiring an additional 1,025 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.