Nir Debbi Sells 12,272 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 12,272 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $39.56, for a total transaction of $485,480.32. Following the transaction, the president directly owned 4,386,539 shares in the company, valued at $173,531,482.84. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 value of $307,367.48.
• 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 value 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 shares were sold at an average price of $40.11, for a total transaction of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total value of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total value of $234,397.80.

Global-e Online Price Performance

NASDAQ:GLBE traded up $1.14 during trading hours on Tuesday, hitting $40.83. The company’s stock had a trading volume of 312,394 shares, compared to its average volume of 1,550,538. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99. The stock has a fifty day simple moving average of $38.95 and a 200-day simple moving average of $34.78. The company has a market capitalization of $6.93 billion, a P/E ratio of 47.65 and a beta of 1.00.

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

Analyst Ratings Changes

GLBE has been the subject of a number of research reports. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Institutional Investors Weigh In On Global-e Online

Institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after purchasing an additional 1,816,606 shares in the last quarter. Contour Asset Management LLC increased 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 valued at $190,342,000 after buying an additional 211,034 shares in the last quarter. Wellington Management Group LLP raised its stake in 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 buying an additional 2,037,962 shares during the period. Janus Henderson Group PLC lifted its holdings in Global-e Online by 4.0% during the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after acquiring an additional 91,384 shares in the last quarter. Finally, Spyglass Capital Management LLC grew its stake in Global-e Online by 1.1% in the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.