Nir Debbi Sells 449 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 449 shares of Global-e Online stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.33, for a total value of $14,965.17. Following the sale, the president directly owned 4,559,017 shares in the company, valued at $151,952,036.61. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value of $311,152.10.
• 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 value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value 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 value 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 value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $32.89 on Friday. The business’s 50-day moving average price is $30.94 and its two-hundred day moving average price is $34.80. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The company has a market capitalization of $5.58 billion, a P/E ratio of 50.60 and a beta of 1.16.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GLBE. IFP Advisors Inc raised its stake in shares of Global-e Online by 73.3% in the 3rd 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 holdings in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Global-e Online by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock valued at $4,564,000 after acquiring an additional 533 shares in the last quarter. Main Management ETF Advisors LLC grew its holdings in shares of Global-e Online by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after acquiring an additional 536 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Global-e Online by 28.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after acquiring an additional 649 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GLBE. BMO Capital Markets began coverage on Global-e Online in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price target for the company. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Truist Financial dropped their target price on Global-e Online from $37.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Finally, Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.92.

Trending Headlines about Global-e Online

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

• Positive Sentiment: Global-e’s board approved a new share repurchase program of up to $500 million, following completion of about 80% of its prior $200 million plan. This could support the stock by reducing share count and signaling confidence in future cash generation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Neutral Sentiment: The company noted that repurchases depend on regulatory approval in Israel, creditor objections, market conditions, liquidity, and other factors, so the buyback may not be executed as planned. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Negative Sentiment: Recent insider selling from CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may weigh on sentiment, even though the sales were relatively small compared with their overall holdings. Insider sale filing

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.