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

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $43.22, for a total value of $630,234.04. Following the completion of the sale, the president owned 4,342,793 shares in the company, valued at $187,695,513.46. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $39.81, for a total transaction of $580,509.42.
• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total value of $585,904.76.
• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $36.89, for a total value of $307,367.48.
• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The stock was sold at an average price of $39.56, for a total value 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 value of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $37.23, for a total value of $310,200.36.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $43.33 on Friday. The firm has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $35.80. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 50.38 and a beta of 1.10.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data 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. Equities research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GLBE shares. Truist Financial raised their price objective on shares of Global-e Online from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. 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 raised Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 13th. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, UBS Group set a $54.00 price target on Global-e Online and gave the stock a “buy” rating in a research note on Thursday, August 13th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

Institutional Trading of Global-e Online

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in shares of Global-e Online in the first quarter worth about $1,144,000. Keenan Capital LLC raised its position in Global-e Online by 4.8% during the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after purchasing an additional 90,000 shares during the last quarter. Wasatch Advisors LP raised its position in Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Handelsbanken Fonder AB raised its position in Global-e Online by 38.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock valued at $6,077,000 after purchasing an additional 48,145 shares during the last quarter. Finally, Summit Creek Advisors LLC bought a new stake in shares of Global-e Online in the 2nd quarter worth approximately $5,974,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.