Global-e Online (NASDAQ:GLBE) President Sells $130,229.16 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total value of $130,229.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $287,537.32.

Global-e Online Trading Up 0.4%

NASDAQ:GLBE traded up $0.11 during mid-day trading on Thursday, reaching $31.17. The company’s stock had a trading volume of 380,197 shares, compared to its average volume of 1,572,456. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $43.21. The firm’s fifty day moving average price is $34.05 and its two-hundred day moving average price is $36.20. The stock has a market cap of $5.29 billion, a P/E ratio of 84.02 and a beta of 1.28.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLBE. Dragoneer Investment Group LLC increased its stake in shares of Global-e Online by 18.2% in the 3rd quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock worth $425,082,000 after purchasing an additional 1,831,063 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC grew its holdings in Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares during the period. Wasatch Advisors LP grew its holdings in Global-e Online by 40.0% during the fourth quarter. Wasatch Advisors LP now owns 4,821,106 shares of the company’s stock valued at $189,518,000 after purchasing an additional 1,378,035 shares during the period. Finally, Arohi Asset Management PTE Ltd. increased its position in Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after buying an additional 23,213 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GLBE has been the topic of a number of research analyst reports. Benchmark increased their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. UBS Group lowered their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Bank of America initiated coverage on Global-e Online in a report on Tuesday. They issued a “buy” rating and a $43.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Global-e Online has a consensus rating of “Moderate Buy” and a consensus price target of $47.58.

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.