Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $249,311.97 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 7,191 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97. Following the completion of the transaction, the president directly owned 4,294,867 shares in the company, valued at approximately $148,903,038.89. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $273.28.
• 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 shares were 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 shares were 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 shares were sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $32.85 on Thursday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 88.78 and a beta of 1.28. Global-e Online Ltd. has a 52 week low of $27.80 and a 52 week high of $43.21. The firm has a 50-day moving average price of $33.00 and a two-hundred day moving average price of $35.72.

Institutional Investors Weigh In On Global-e Online

Several large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA increased its stake in shares of Global-e Online by 5.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock worth $864,000 after purchasing an additional 1,321 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of 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 purchasing an additional 1,637,482 shares during the last quarter. Barton Investment Management increased its stake in shares of Global-e Online by 0.8% during the 1st quarter. Barton Investment Management now owns 1,088,214 shares of the company’s stock worth $33,571,000 after purchasing an additional 8,960 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Global-e Online by 6.4% during the 1st quarter. SG Americas Securities LLC now owns 1,365,092 shares of the company’s stock worth $42,113,000 after purchasing an additional 81,784 shares during the last quarter. Finally, Arohi Asset Management PTE Ltd. increased its stake in shares of 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 purchasing an additional 23,213 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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 note on Thursday, February 19th. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 27th. BMO Capital Markets assumed coverage on shares of Global-e Online in a research note on Tuesday. They issued an “outperform” rating and a $42.00 price objective for the company. Finally, UBS Group decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.15.

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.