Insider Selling: Global-e Online (NASDAQ:GLBE) CFO Sells $458,500.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $36.68, for a total transaction of $458,500.00. Following the completion of the sale, the chief financial officer owned 153,189 shares of the company’s stock, valued at approximately $5,618,972.52. The trade was a 7.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ofer Koren also recently made the following trade(s):

• On Monday, September 14th, Ofer Koren sold 300 shares of Global-e Online stock. The shares were sold at an average price of $38.00, for a total value of $11,400.00.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $36.93 on Thursday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The firm has a market cap of $6.27 billion, a PE ratio of 42.94 and a beta of 1.00. The stock has a fifty day moving average price of $38.93 and a 200-day moving average price of $34.69.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. As a group, equities analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Global-e Online

Several large investors have recently modified their holdings of GLBE. MCF Advisors LLC raised its position in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the period. Bienville Capital Management LLC bought a new position in Global-e Online in the 2nd quarter worth approximately $13,021,000. Keenan Capital LLC grew its stake in Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after buying an additional 90,000 shares in the last quarter. Spyglass Capital Management LLC grew its stake in Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after buying an additional 20,610 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after acquiring an additional 2,037,962 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GLBE shares. Morgan Stanley increased their target price on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. UBS Group set a $54.00 price objective on Global-e Online and gave the company a “buy” rating in a report on Thursday, August 13th. Loop Capital set a $49.00 target price on Global-e Online in a research report on Wednesday, August 12th. Finally, Truist Financial boosted their target price on Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.69.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.