Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 9,233 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 9,233 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $33.70, for a total transaction of $311,152.10. Following the sale, the president directly owned 4,559,466 shares in the company, valued at approximately $153,654,004.20. The trade was a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 stock was 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 shares were 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 value 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.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total transaction of $130,229.16.
• 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 Stock Down 4.5%

Shares of Global-e Online stock opened at $31.79 on Thursday. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 48.91 and a beta of 1.16. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The company’s fifty day moving average is $30.91 and its 200 day moving average is $34.82.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, equities analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in shares of Global-e Online by 34.0% during the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock valued at $199,247,000 after purchasing an additional 1,637,482 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after purchasing an additional 2,387,242 shares during the period. Contour Asset Management LLC raised its position in shares of Global-e Online by 4.6% in the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after buying an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. boosted its stake in 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 buying an additional 23,213 shares during the period. Finally, Spyglass Capital Management LLC boosted its stake in Global-e Online by 63.0% during the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock valued at $96,665,000 after buying an additional 1,044,960 shares during the period. 94.60% of the stock is owned by institutional investors.

Key Stories Impacting Global-e Online

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Global-e announced board approval for a share repurchase program of up to $500 million, which could help support earnings per share and signal confidence in the company’s valuation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Positive Sentiment: Analysts cited by Zacks say Global-e has a potential upside of about 33.8%, and recent earnings estimate revisions have been trending higher, which may be supporting sentiment. Wall Street Analysts See a 33.78% Upside in Globale Online (GLBE): Can the Stock Really Move This High?
• Neutral Sentiment: Zacks also highlighted Global-e as one of several stocks with rising P/E ratios, which is more of a screening note than a company-specific catalyst. Bet on 5 Top-Ranked Stocks With Rising P/E for a Strong Portfolio
• Negative Sentiment: Multiple insider sales by CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may create some concern about management trimming exposure, even though the sales were relatively small versus their overall holdings. CEO insider sale filing

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. BMO Capital Markets initiated coverage on Global-e Online in a report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Finally, Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.92.

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.