Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 2,303 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 2,303 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $30.01, for a total value of $69,113.03. Following the sale, the president directly owned 4,570,562 shares of the company’s stock, valued at $137,162,565.62. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 stock was 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 stock was sold at an average price of $34.67, for a total value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were 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.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Price Performance

Shares of GLBE opened at $30.14 on Friday. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 46.37 and a beta of 1.18. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The company has a 50-day moving average of $31.43 and a 200 day moving average of $35.15.

Global-e Online (NASDAQ:GLBE) last issued 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. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. On average, equities analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GLBE. Raymond James Financial reissued an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. UBS Group lowered their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Benchmark increased their target price on shares of Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. 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. Finally, Morgan Stanley reduced their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Institutional Trading of Global-e Online

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online during the fourth quarter worth $39,000. Geneos Wealth Management Inc. increased its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchasing an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after purchasing an additional 1,376 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

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.