Ardsley Advisory Partners LP Invests $1.53 Million in Global-e Online Ltd. $GLBE

Ardsley Advisory Partners LP bought a new position in Global-e Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 39,000 shares of the company’s stock, valued at approximately $1,533,000.

Several other institutional investors have also made changes to their positions in the company. Ampersand Capital Group L.P. lifted its holdings in shares of Global-e Online by 2.0% during the 4th quarter. Ampersand Capital Group L.P. now owns 1,264,906 shares of the company’s stock valued at $49,723,000 after buying an additional 24,832 shares during the last quarter. Brown Capital Management LLC raised its holdings in Global-e Online by 0.6% during the fourth quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company’s stock valued at $94,535,000 after buying an additional 15,014 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of Global-e Online by 5.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 99,849 shares of the company’s stock worth $3,925,000 after purchasing an additional 5,326 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Global-e Online by 501.2% during the 4th quarter. Lazard Asset Management LLC now owns 94,320 shares of the company’s stock worth $3,708,000 after purchasing an additional 78,632 shares during the last quarter. Finally, ION Fund Management Ltd acquired a new position in shares of Global-e Online during the 4th quarter worth about $3,931,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Global-e Online

In related news, President Nir Debbi sold 4,166 shares of Global-e Online stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $32.47, for a total value of $135,270.02. Following the sale, the president owned 4,554,851 shares of the company’s stock, valued at approximately $147,896,011.97. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shahar Tamari sold 7,874 shares of Global-e Online stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $33.09, for a total value of $260,550.66. Following the completion of the sale, the chief operating officer directly owned 4,017,209 shares in the company, valued at approximately $132,929,445.81. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 227,388 shares of company stock valued at $7,430,064. 11.60% of the stock is owned by insiders.

Analyst Ratings Changes

GLBE has been the topic of several research reports. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial upgraded Global-e Online from a “hold” rating to a “buy” rating and upped their price objective for the company from $34.00 to $39.00 in a research note on Wednesday, June 10th. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. KeyCorp reduced their target price on Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Global-e Online Trading Down 0.9%

Shares of Global-e Online stock opened at $31.98 on Thursday. The stock’s fifty day simple moving average is $31.24 and its 200 day simple moving average is $34.48. The company has a market capitalization of $5.43 billion, a PE ratio of 49.20 and a beta of 1.16. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The company’s revenue was up 32.8% on a year-over-year basis. Analysts predict that Global-e Online Ltd. will post 1.11 EPS for the current fiscal year.

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.