Global-e Online (NASDAQ:GLBE) President Sells $14,965.17 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 449 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.33, for a total value of $14,965.17. Following the completion of the transaction, the president owned 4,559,017 shares in the company, valued at $151,952,036.61. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total value 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 value 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 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 value 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 value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Trading Down 1.3%

Shares of Global-e Online stock opened at $33.30 on Wednesday. The firm has a market capitalization of $5.65 billion, a PE ratio of 51.23 and a beta of 1.16. The business’s 50-day moving average price is $30.90 and its 200-day moving average price is $34.87. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. As a group, analysts predict that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Bank of America began coverage on Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. KeyCorp reduced their price target on Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Morgan Stanley reduced their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.92.

Hedge Funds Weigh In On Global-e Online

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

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.