Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $307,367.48 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $36.89, for a total value of $307,367.48. Following the transaction, the president owned 4,398,811 shares in the company, valued at approximately $162,272,137.79. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $39.21, for a total transaction of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36.
• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total value of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total value of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total value of $234,397.80.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $40.88 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The firm’s 50-day moving average is $39.10 and its 200 day moving average is $34.89. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 47.54 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The business had revenue of $299.00 million during the quarter. On average, equities analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GLBE shares. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, BMO Capital Markets boosted their target price on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and a consensus price target of $47.69.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after buying an additional 1,816,606 shares during the last quarter. Contour Asset Management LLC increased its stake in Global-e Online by 4.6% in 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. Wellington Management Group LLP raised its holdings in shares of Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after acquiring an additional 2,037,962 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after acquiring an additional 91,384 shares in the last quarter. Finally, Spyglass Capital Management LLC boosted its position in shares of Global-e Online by 1.1% during the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.