Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $630,234.04 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $43.22, for a total value of $630,234.04. Following the completion of the transaction, the president owned 4,342,793 shares of the company’s stock, valued at $187,695,513.46. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $39.81, for a total value of $580,509.42.
• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total transaction of $585,904.76.
• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $36.89, for a total transaction of $307,367.48.
• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The stock was sold at an average price of $39.56, for a total value of $485,480.32.
• On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $37.23, for a total transaction of $310,200.36.

Global-e Online Stock Up 6.2%

GLBE traded up $2.58 during trading on Wednesday, reaching $44.16. 314,514 shares of the stock traded hands, compared to its average volume of 1,524,911. The stock’s 50-day moving average is $39.54 and its 200 day moving average is $35.74. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $44.02. The stock has a market capitalization of $7.50 billion, a PE ratio of 51.35 and a beta of 1.10.

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 during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. As a group, equities research analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GLBE shares. UBS Group set a $54.00 target price on Global-e Online and gave the stock a “buy” rating in a report on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Truist Financial raised their price objective on shares of Global-e Online from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

Institutional Trading of Global-e Online

Several large investors have recently made changes to their positions in GLBE. Wasatch Advisors LP increased its position in Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after buying an additional 1,816,606 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Global-e Online by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after acquiring an additional 91,384 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after acquiring an additional 2,037,962 shares in the last quarter. Spyglass Capital Management LLC boosted its holdings in Global-e Online by 1.1% in the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock worth $68,015,000 after acquiring an additional 20,610 shares in the last quarter. Finally, Keenan Capital LLC grew its stake in Global-e Online by 4.8% in the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after acquiring an additional 90,000 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.