Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 14,582 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $40.11, for a total value of $584,884.02. Following the transaction, the president owned 4,430,285 shares in the company, valued at approximately $177,698,731.35. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total value of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total value of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total value of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total value of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.47, for a total value of $135,270.02.
• 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 transaction 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 transaction of $69,113.03.

Global-e Online Price Performance

Shares of GLBE opened at $41.53 on Wednesday. The company has a market capitalization of $7.05 billion, a PE ratio of 63.89 and a beta of 1.03. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The company’s fifty day moving average price is $35.26 and its 200 day moving average price is $33.76.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GLBE. Raymond James Financial reissued an “outperform” rating and set a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research report on Wednesday, July 29th. Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Morgan Stanley reduced their price objective on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and an average target price of $44.83.

Hedge Funds Weigh In On Global-e Online

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position 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 worth $38,000 after acquiring an additional 448 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online during the fourth quarter valued at approximately $39,000. Geneos Wealth Management Inc. raised its stake 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Global-e Online in the fourth quarter worth $72,000. 94.60% of the stock is currently owned by institutional investors.

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.