Nir Debbi Sells 4,166 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $32.57, for a total transaction of $135,686.62. Following the sale, the president owned 4,290,693 shares in the company, valued at approximately $139,747,871.01. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was 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 stock was 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 stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Down 1.2%

Shares of NASDAQ:GLBE opened at $31.22 on Thursday. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21. The firm’s 50 day moving average price is $32.70 and its 200 day moving average price is $35.56. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 84.38 and a beta of 1.18.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its position in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after buying an additional 2,392,124 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC grew its position in shares of Global-e Online by 1,539.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares during the last quarter. Arohi Asset Management PTE Ltd. increased its holdings in shares of Global-e Online by 91.0% in the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock valued at $94,680,000 after acquiring an additional 1,345,156 shares during the period. Finally, Norges Bank acquired a new position in shares of Global-e Online in the 4th quarter valued at $51,104,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GLBE shares. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Benchmark upped their price objective on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Bank of America assumed coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $46.77.

About Global-e Online

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.