Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) President Nir Debbi sold 449 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.33, for a total value of $14,965.17. Following the transaction, the president directly owned 4,559,017 shares of the company’s stock, valued at approximately $151,952,036.61. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Nir Debbi also recently made the following trade(s):
- On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
- On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total value of $56,355.75.
- 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 value of $69,113.03.
- On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total value of $135,686.62.
- On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total value of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total value of $249,311.97.
- On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
- On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total value of $137,727.96.
- On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total value of $130,229.16.
- On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total value of $287,537.32.
Global-e Online Price Performance
Global-e Online stock opened at $32.13 on Friday. The business has a 50 day moving average of $30.94 and a 200-day moving average of $34.78. 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 $5.45 billion, a P/E ratio of 49.43 and a beta of 1.16.
Analysts Set New Price Targets
Several research analysts have commented on GLBE shares. Truist Financial cut their target price on Global-e Online from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Wednesday, May 27th. UBS Group decreased their target price on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Morgan Stanley decreased their target price on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.92.
Check Out Our Latest Report on GLBE
Hedge Funds Weigh In On Global-e Online
A number of institutional investors and hedge funds have recently modified their holdings of GLBE. IFP Advisors Inc boosted 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 worth $38,000 after buying 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 worth approximately $39,000. Geneos Wealth Management Inc. boosted 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 worth $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 worth $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted 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 worth $72,000 after buying an additional 1,376 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.
About Global-e Online
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.
Recommended Stories
- Five stocks we like better than Global-e Online
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.
