Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 8,332 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $36.89, for a total value of $307,367.48. Following the completion of the transaction, the president directly owned 4,398,811 shares in the company, valued at approximately $162,272,137.79. This trade represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were sold at an average price of $39.56, for a total transaction of $485,480.32.
• 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 transaction of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were 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 stock was 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 stock was 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 transaction of $234,397.80.

Global-e Online Stock Performance

Global-e Online stock traded up $1.18 during mid-day trading on Tuesday, reaching $40.87. 312,394 shares of the company were exchanged, compared to its average volume of 1,550,538. The firm has a market cap of $6.94 billion, a PE ratio of 47.53 and a beta of 1.00. The firm’s 50-day simple moving average is $38.95 and its two-hundred day simple moving average is $34.78. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. As a group, equities research analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GLBE shares. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Raymond James Financial restated an “outperform” rating and set a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Morgan Stanley lifted their target price on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and an average price target of $47.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GLBE. MCF Advisors LLC grew its position in shares of Global-e Online by 62.4% during the 2nd 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 position in Global-e Online in the fourth quarter worth about $204,000. PNC Financial Services Group Inc. boosted its stake in Global-e Online by 87.7% in the fourth 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 acquired a new position in Global-e Online in the first quarter valued at approximately $231,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Global-e Online during the first quarter valued at approximately $239,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Company Profile

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.