Global-e Online (NASDAQ:GLBE) CFO Ofer Koren Sells 300 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 300 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $38.00, for a total transaction of $11,400.00. Following the completion of the transaction, the chief financial officer owned 153,189 shares in the company, valued at approximately $5,821,182. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The stock was sold at an average price of $36.68, for a total transaction of $458,500.00.

Global-e Online Price Performance

Shares of GLBE 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 company has a 50-day moving average of $38.93 and a 200 day moving average of $34.69. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 42.94 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The business 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%. On average, equities analysts anticipate that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global-e Online

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its position in Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Contour Asset Management LLC raised its position in shares of Global-e Online by 4.6% in the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after acquiring an additional 211,034 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after purchasing an additional 91,384 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 worth $72,968,000 after purchasing an additional 2,037,962 shares during the last quarter. Finally, Spyglass Capital Management LLC boosted its position in Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after purchasing an additional 20,610 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GLBE. Citigroup reissued a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $47.00 target price on shares of Global-e Online in a report on Tuesday, September 1st. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Global-e Online in a report on Thursday, August 13th. BMO Capital Markets increased their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley raised their price target on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.69.

About Global-e Online

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.