Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 6,890 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 6,890 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $34.02, for a total transaction of $234,397.80. Following the completion of the transaction, the president owned 4,547,961 shares of the company’s stock, valued at approximately $154,721,633.22. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.47, for a total value of $135,270.02.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total value of $14,965.17.
• 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 value 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 value of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total value of $135,686.62.
• 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 stock was 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 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 shares were sold at an average price of $33.06, for a total transaction of $137,727.96.

Global-e Online Stock Up 0.8%

Shares of GLBE stock opened at $34.33 on Friday. The company has a 50 day moving average price of $31.51 and a 200-day moving average price of $34.15. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The firm has a market capitalization of $5.83 billion, a PE ratio of 52.82 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 32.8% compared to the same quarter last year. Analysts anticipate that Global-e Online Ltd. will post 1.11 earnings per share for the current year.

Institutional Trading of Global-e Online

Several hedge funds have recently bought and sold shares of GLBE. Bank of America Corp DE raised its stake in shares of Global-e Online by 90.1% in the first quarter. Bank of America Corp DE now owns 330,418 shares of the company’s stock worth $10,193,000 after buying an additional 156,641 shares during the period. Janus Henderson Group PLC grew its stake in shares of Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after acquiring an additional 91,384 shares during the period. Royal Bank of Canada increased its holdings in Global-e Online by 2.8% in the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock worth $1,145,000 after acquiring an additional 996 shares in the last quarter. Empowered Funds LLC purchased a new stake in Global-e Online in the 1st quarter worth approximately $1,144,000. Finally, Lazard Asset Management LLC raised its stake in Global-e Online by 4.7% during the 1st quarter. Lazard Asset Management LLC now owns 98,748 shares of the company’s stock worth $3,046,000 after acquiring an additional 4,428 shares during the period. Institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

GLBE has been the subject of several research analyst reports. BMO Capital Markets began coverage on Global-e Online in a report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price objective for the company. Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Truist Financial upgraded shares of Global-e Online from a “hold” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $39.00 in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.33.

Global-e Online Company Profile

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.