Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells 100,000 Shares of Company Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.59, for a total transaction of $4,459,000.00. Following the sale, the president directly owned 4,242,793 shares of the company’s stock, valued at $189,186,139.87. The trade was a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, November 5th, Nir Debbi sold 18,069 shares of Global-e Online stock. The shares were sold at an average price of $44.51, for a total value of $804,251.19.
• On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $43.22, for a total value of $630,234.04.
• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were 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 transaction 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 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 Trading Down 1.2%

GLBE stock traded down $0.52 during trading hours on Friday, hitting $42.81. 313,375 shares of the stock traded hands, compared to its average volume of 1,529,227. The stock has a 50-day simple moving average of $39.74 and a 200 day simple moving average 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 $7.27 billion, a P/E ratio of 49.94 and a beta of 1.10.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The firm had revenue of $299.00 million for the quarter. Analysts forecast that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently bought and sold shares of GLBE. Russell Investments Group Ltd. lifted its stake in Global-e Online by 65.7% during the third quarter. Russell Investments Group Ltd. now owns 189,962 shares of the company’s stock valued at $7,547,000 after buying an additional 75,299 shares in the last quarter. R Squared Ltd acquired a new position in shares of Global-e Online in the third quarter worth about $247,000. Jacobi Capital Management LLC acquired a new position in shares of Global-e Online in the third quarter worth about $48,000. Allspring Global Investments Holdings LLC boosted its position in Global-e Online by 232.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company’s stock worth $4,517,000 after acquiring an additional 78,584 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Global-e Online during the third quarter worth approximately $709,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

GLBE has been the topic of a number of research reports. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the stock a “buy” rating in a research report on Thursday, August 13th. BMO Capital Markets lifted their price target on shares of Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and an average price target of $48.08.

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.