Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 449 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 449 shares of Global-e Online stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.33, for a total transaction of $14,965.17. Following the transaction, the president owned 4,559,017 shares in the company, valued at $151,952,036.61. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total transaction of $311,152.10.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total transaction of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total transaction 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 transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was 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 stock was 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 value of $287,537.32.

Global-e Online Stock Down 4.5%

NASDAQ GLBE opened at $31.79 on Thursday. The stock has a market cap of $5.40 billion, a PE ratio of 48.91 and a beta of 1.16. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The business has a 50 day moving average price of $30.91 and a two-hundred day moving average price of $34.82.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.Global-e Online’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS. Sell-side analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Global-e Online

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the fourth quarter worth $39,000. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Global-e Online by 237.7% during the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after purchasing an additional 1,376 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GLBE shares. Morgan Stanley decreased their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Truist Financial decreased their price target on Global-e Online from $37.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has given a Sell 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 price target of $43.92.

Global-e Online News Roundup

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Global-e announced board approval for a share repurchase program of up to $500 million, which could help support earnings per share and signal confidence in the company’s valuation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Positive Sentiment: Analysts cited by Zacks say Global-e has a potential upside of about 33.8%, and recent earnings estimate revisions have been trending higher, which may be supporting sentiment. Wall Street Analysts See a 33.78% Upside in Globale Online (GLBE): Can the Stock Really Move This High?
• Neutral Sentiment: Zacks also highlighted Global-e as one of several stocks with rising P/E ratios, which is more of a screening note than a company-specific catalyst. Bet on 5 Top-Ranked Stocks With Rising P/E for a Strong Portfolio
• Negative Sentiment: Multiple insider sales by CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may create some concern about management trimming exposure, even though the sales were relatively small versus their overall holdings. CEO insider sale filing

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.