Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $14,965.17 in Stock

Global-e Online Ltd. (NASDAQ:GLBEGet 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.

Global-e Online (NASDAQ:GLBEGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. Equities analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current year.

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

(Get Free Report)

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.

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