Global-e Online (NASDAQ:GLBE) President Sells $135,270.02 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of Global-e Online stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $32.47, for a total transaction of $135,270.02. Following the transaction, the president directly owned 4,554,851 shares in the company, valued at $147,896,011.97. This trade represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 transaction of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was 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 transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were 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 transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was 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 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 stock was 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 value of $130,229.16.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $32.84 on Friday. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The firm’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $34.42. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 50.52 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 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. On average, research analysts forecast that Global-e Online Ltd. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Global-e Online

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online in the fourth quarter valued at about $39,000. IFP Advisors Inc boosted its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online in the fourth quarter worth $72,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $40.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

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.