Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $310,200.36 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $37.23, for a total value of $310,200.36. Following the completion of the sale, the president directly owned 4,407,371 shares of the company’s stock, valued at approximately $164,086,422.33. The trade was a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total transaction of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total transaction of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total transaction of $234,397.80.
• 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 transaction of $135,270.02.

Global-e Online Trading Up 0.2%

Global-e Online stock opened at $38.37 on Friday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99. The firm’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $34.54. The company has a market capitalization of $6.51 billion, a P/E ratio of 44.62 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, equities research analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GLBE shares. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Jefferies Financial Group reiterated a “buy” rating and set a $48.00 price target on shares of Global-e Online in a report on Wednesday, August 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Global-e Online currently has an average rating of “Moderate Buy” and an average target price of $47.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in shares of Global-e Online by 3,399.9% in the second quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after acquiring an additional 3,950,515 shares during the period. Wasatch Advisors LP grew its stake in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC increased its position in 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 period. Finally, Wellington Management Group LLP raised its stake in Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after purchasing an additional 2,037,962 shares during the last quarter. 94.60% of the stock is owned by institutional investors.

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.