Global-e Online (NASDAQ:GLBE) CFO Sells $464,454.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 12,200 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $38.07, for a total transaction of $464,454.00. Following the transaction, the chief financial officer owned 153,189 shares in the company, valued at $5,831,905.23. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, September 14th, Ofer Koren sold 300 shares of Global-e Online stock. The shares were sold at an average price of $38.00, for a total transaction of $11,400.00.
• 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 transaction of $458,500.00.

Global-e Online Stock Up 4.9%

NASDAQ:GLBE traded up $1.94 during trading hours on Tuesday, hitting $41.63. 784,588 shares of the stock were exchanged, compared to its average volume of 1,553,462. The company has a market capitalization of $7.07 billion, a P/E ratio of 48.41 and a beta of 1.00. The company’s 50 day moving average is $38.95 and its two-hundred day 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 released its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, equities research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current year.

Institutional Trading of Global-e Online

A number of hedge funds have recently modified their holdings of the company. MCF Advisors LLC grew its holdings in 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 purchasing an additional 552 shares during the period. Bienville Capital Management LLC acquired a new stake in Global-e Online in the second quarter worth $13,021,000. Keenan Capital LLC boosted its position in shares of Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after purchasing an additional 90,000 shares in the last quarter. Spyglass Capital Management LLC boosted its position in shares of Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock worth $68,015,000 after purchasing an additional 20,610 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Global-e Online by 3,232.4% in the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after buying an additional 2,037,962 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GLBE. Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One investment 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 data from MarketBeat.com, Global-e Online presently has a consensus rating of “Moderate Buy” and an average target price of $47.69.

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.