Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells 4,166 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total value of $130,229.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Trading Up 0.4%

NASDAQ GLBE traded up $0.11 on Thursday, reaching $31.17. 380,197 shares of the stock were exchanged, compared to its average volume of 1,572,456. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $43.21. The firm has a market capitalization of $5.29 billion, a PE ratio of 84.02 and a beta of 1.28. The company’s 50-day simple moving average is $34.05 and its two-hundred day simple moving average is $36.20.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently bought and sold shares of GLBE. Vitruvian Partners LLP grew its holdings in Global-e Online by 23.1% during the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock valued at $6,167,000 after buying an additional 32,405 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Global-e Online by 16.1% during the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after acquiring an additional 17,676 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Global-e Online by 50.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company’s stock worth $27,714,000 after acquiring an additional 260,000 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Global-e Online during the 3rd quarter valued at approximately $7,838,000. Finally, Brown Capital Management LLC grew its holdings in shares of Global-e Online by 10.0% in the third quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company’s stock valued at $85,461,000 after purchasing an additional 216,304 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GLBE. KeyCorp lowered their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. UBS Group dropped their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Benchmark increased their target price on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.58.

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.