Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 8,332 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $34.51, for a total value of $287,537.32. Following the transaction, the president owned 3,897,506 shares in the company, valued at $134,502,932.06. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Global-e Online Trading Up 0.4%

GLBE opened at $34.02 on Thursday. The stock’s 50 day simple moving average is $35.57 and its 200-day simple moving average is $36.49. The stock has a market cap of $5.77 billion, a PE ratio of 91.95 and a beta of 1.24. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $43.21.

Wall Street Analyst Weigh In

GLBE has been the topic of a number of analyst reports. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. KeyCorp dropped 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 report on Thursday, February 19th. Bank of America reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, February 18th. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Global-e Online currently has a consensus rating of “Moderate Buy” and an average price target of $47.80.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently modified their holdings of GLBE. Arohi Asset Management PTE Ltd. grew its stake in shares of Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after purchasing an additional 23,213 shares during the last quarter. Vident Advisory LLC lifted its holdings in Global-e Online by 10.5% during the 4th quarter. Vident Advisory LLC now owns 14,866 shares of the company’s stock worth $584,000 after buying an additional 1,413 shares in the last quarter. XTX Topco Ltd bought a new position in Global-e Online in the 4th quarter valued at $689,000. Twinbeech Capital LP acquired a new stake in shares of Global-e Online in the 4th quarter valued at $208,000. Finally, SRS Investment Management LLC increased its stake in shares of Global-e Online by 203.4% in the 4th quarter. SRS Investment Management LLC now owns 896,717 shares of the company’s stock valued at $35,250,000 after buying an additional 601,168 shares during the period. 94.60% of the stock is owned by institutional investors.

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.