Global-e Online Ltd. $GLBE Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC decreased its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,191,892 shares of the company’s stock after selling 29,329 shares during the period. Global-e Online makes up about 2.0% of Granahan Investment Management LLC’s holdings, making the stock its 12th biggest position. Granahan Investment Management LLC owned approximately 0.70% of Global-e Online worth $46,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLBE. Wasatch Advisors LP increased its position in Global-e Online by 231.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after purchasing an additional 2,392,124 shares during the period. Arohi Asset Management PTE Ltd. increased its position in Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after purchasing an additional 1,345,156 shares during the period. Norges Bank purchased a new stake in shares of Global-e Online during the 4th quarter worth approximately $51,104,000. Menora Mivtachim Holdings LTD. boosted its stake in shares of Global-e Online by 4,543.4% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,296,424 shares of the company’s stock worth $46,360,000 after acquiring an additional 1,268,504 shares in the last quarter. Finally, Spyglass Capital Management LLC boosted its stake in shares of Global-e Online by 63.0% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after acquiring an additional 1,044,960 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLBE has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. BMO Capital Markets initiated coverage on Global-e Online in a research note on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target on the stock. Bank of America initiated coverage on Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Global-e Online Stock Performance

GLBE stock opened at $32.28 on Wednesday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The stock’s 50 day moving average price is $31.22 and its 200 day moving average price is $34.54. The firm has a market cap of $5.48 billion, a P/E ratio of 49.66 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.Global-e Online’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, research analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Global-e Online

In other Global-e Online news, CEO Amir Schlachet sold 16,666 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $33.65, for a total value of $560,810.90. Following the completion of the transaction, the chief executive officer directly owned 3,984,550 shares in the company, valued at approximately $134,080,107.50. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Nir Debbi sold 9,233 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $33.70, for a total value of $311,152.10. Following the completion of the transaction, the president owned 4,559,466 shares of the company’s stock, valued at $153,654,004.20. This trade represents a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 206,556 shares of company stock worth $6,758,482. Insiders own 11.60% of the company’s stock.

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.