Nir Debbi Sells 5,180 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 5,180 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $34.66, for a total transaction of $179,538.80. Following the completion of the sale, the president directly owned 4,542,781 shares of the company’s stock, valued at approximately $157,452,789.46. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total transaction of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
• 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 Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The shares were sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were 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 stock was 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 transaction 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 transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total transaction of $7,192.99.

Global-e Online Price Performance

Shares of GLBE stock opened at $34.73 on Wednesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The firm has a market cap of $5.89 billion, a PE ratio of 53.43 and a beta of 1.16. The company has a 50-day moving average of $31.63 and a two-hundred day moving average of $34.09.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Sell-side analysts anticipate that Global-e Online Ltd. will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Global-e Online

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online during the fourth quarter worth $39,000. IFP Advisors Inc boosted its holdings in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Global-e Online during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America started coverage on Global-e Online in a research note on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price objective for the company. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. BMO Capital Markets initiated coverage on Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price for the company. Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, UBS Group cut their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

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.