Global-e Online (NASDAQ:GLBE) Stock: Insider Nir Debbi Sells 18,069 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 18,069 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $44.51, for a total value of $804,251.19. Following the completion of the transaction, the president owned 4,224,724 shares of the company’s stock, valued at $188,042,465.24. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 4th, Nir Debbi sold 100,000 shares of Global-e Online stock. The shares were sold at an average price of $44.59, for a total value of $4,459,000.00.
• On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $43.22, for a total transaction of $630,234.04.
• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $39.81, for a total transaction of $580,509.42.
• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.18, for a total transaction of $585,904.76.
• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $36.89, for a total transaction 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 transaction of $485,480.32.
• On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The stock was 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 shares were sold at an average price of $37.23, for a total transaction of $310,200.36.

Global-e Online Trading Down 0.8%

GLBE stock opened at $42.97 on Friday. The firm has a 50 day moving average of $39.81 and a 200-day moving average of $35.84. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 49.97 and a beta of 1.10. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $45.28.

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

Global-e Online News Roundup

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
• Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GLBE shares. Needham & Company LLC restated a “buy” rating and set a $47.00 target price on shares of Global-e Online in a report on Tuesday, September 1st. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Weiss Ratings upgraded Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 13th. UBS Group set a $54.00 target price on Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Global-e Online in the first quarter valued at approximately $1,144,000. Keenan Capital LLC boosted its position in Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after acquiring an additional 90,000 shares during the last quarter. Wasatch Advisors LP grew its stake in Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after acquiring an additional 1,816,606 shares during the period. Handelsbanken Fonder AB grew its stake in Global-e Online by 38.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock worth $6,077,000 after acquiring an additional 48,145 shares during the period. Finally, Summit Creek Advisors LLC purchased a new stake in Global-e Online in the 2nd quarter worth approximately $5,974,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.