Global-e Online (NASDAQ:GLBE) CFO Sells $11,400.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 300 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $38.00, for a total value of $11,400.00. Following the completion of the sale, the chief financial officer directly owned 153,189 shares in the company, valued at approximately $5,821,182. The trade was a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ofer Koren also recently made the following trade(s):

• On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The stock was sold at an average price of $36.68, for a total value of $458,500.00.

Global-e Online Trading Down 0.9%

Shares of NASDAQ GLBE opened at $38.04 on Friday. The business has a 50-day moving average of $38.93 and a 200-day moving average of $34.74. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.00. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million for the quarter. On average, analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Trading of Global-e Online

Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC grew its stake in shares of Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after buying an additional 552 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Global-e Online in the 4th quarter valued at about $204,000. PNC Financial Services Group Inc. boosted its holdings in Global-e Online by 87.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,546 shares of the company’s stock valued at $218,000 after acquiring an additional 2,592 shares during the period. Seelaus Asset Management LLC purchased a new stake in Global-e Online during the 1st quarter valued at about $231,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in Global-e Online during the 1st quarter worth approximately $239,000. 94.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GLBE shares. UBS Group set a $54.00 target price on shares of Global-e Online and gave the stock a “buy” rating in a research report on Thursday, August 13th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Truist Financial upped their price objective on Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $48.00 price objective on shares of Global-e Online in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

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.