Global-e Online (NASDAQ:GLBE) Stock: Insider Nir Debbi Sells 100,000 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.59, for a total transaction of $4,459,000.00. Following the sale, the president directly owned 4,242,793 shares of the company’s stock, valued at $189,186,139.87. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, November 5th, Nir Debbi sold 18,069 shares of Global-e Online stock. The shares were sold at an average price of $44.51, for a total transaction of $804,251.19.
• On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $43.22, for a total transaction of $630,234.04.
• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was 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 shares were sold at an average price of $40.18, for a total value 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 value 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 shares were sold at an average price of $39.21, for a total value of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $37.23, for a total value of $310,200.36.

Global-e Online Stock Performance

Global-e Online stock opened at $42.97 on Friday. The stock has a 50-day moving average of $39.81 and a two-hundred day moving average of $35.84. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The stock has a market cap of $7.29 billion, a PE ratio of 49.97 and a beta of 1.10.

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. BMO Capital Markets raised their price target on shares of Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 13th. Finally, Truist Financial lifted 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 note on Friday, October 23rd. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.08.

More Global-e Online News

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

• Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
• Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

Institutional Trading of Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of Global-e Online by 58.5% during the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after purchasing an additional 354 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Global-e Online by 62.4% in the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Global-e Online by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after purchasing an additional 631 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Global-e Online by 2.8% in the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after purchasing an additional 996 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Global-e Online by 0.3% in the 1st quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after purchasing an additional 1,025 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.