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

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $39.81, for a total value of $580,509.42. Following the completion of the transaction, the president directly owned 4,357,375 shares in the company, valued at $173,467,098.75. This trade represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total value of $585,904.76.
• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $36.89, for a total value of $307,367.48.
• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The stock was sold at an average price of $39.56, for a total value of $485,480.32.
• On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The shares were sold at an average price of $39.21, for a total transaction of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36.
• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.11, for a total transaction of $584,884.02.

Global-e Online Stock Up 1.9%

GLBE stock traded up $0.72 during trading on Monday, hitting $39.54. The company had a trading volume of 299,262 shares, compared to its average volume of 1,532,191. The firm has a market capitalization of $6.71 billion, a P/E ratio of 45.98 and a beta of 0.98. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99. The company has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $35.63.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Sell-side analysts forecast that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Global-e Online

A number of institutional investors have recently added to or reduced their stakes in the stock. Seelaus Asset Management LLC grew its stake in Global-e Online by 10.5% in the third quarter. Seelaus Asset Management LLC now owns 14,858 shares of the company’s stock valued at $590,000 after purchasing an additional 1,409 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of Global-e Online by 17.3% during the third quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock valued at $2,039,000 after buying an additional 7,550 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after buying an additional 552 shares during the last quarter. Bienville Capital Management LLC bought a new stake in shares of Global-e Online in the 2nd quarter valued at about $13,021,000. Finally, Keenan Capital LLC boosted its holdings in shares of 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. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GLBE shares. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Truist Financial lifted their target price on Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Loop Capital set a $49.00 target price on Global-e Online in a report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.