Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 1,863 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 1,863 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total transaction of $56,355.75. Following the completion of the sale, the president owned 4,568,699 shares of the company’s stock, valued at approximately $138,203,144.75. The trade was a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total transaction of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Trading Down 0.9%

NASDAQ GLBE opened at $29.68 on Wednesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The company has a market capitalization of $5.04 billion, a PE ratio of 45.66 and a beta of 1.18. The firm’s fifty day simple moving average is $31.16 and its 200-day simple moving average is $35.02.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same period in the prior year, the business posted ($0.11) earnings per share. Global-e Online’s revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

GLBE has been the topic of a number of research reports. Morgan Stanley dropped their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. UBS Group cut their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Jefferies Financial Group restated a “buy” rating and set a $40.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GLBE. IFP Advisors Inc raised its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online during the 4th quarter valued at $39,000. Geneos Wealth Management Inc. raised its holdings in shares of Global-e Online by 67.2% during the 1st 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 holdings in shares of Global-e Online by 780.7% during the 2nd 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, Jones Financial Companies Lllp raised its holdings in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after purchasing an additional 1,376 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

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.