Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $69,113.03 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 2,303 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $30.01, for a total transaction of $69,113.03. Following the completion of the sale, the president directly owned 4,570,562 shares of the company’s stock, valued at $137,162,565.62. This trade represents a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $33.06, for a total transaction 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 transaction of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Performance

Shares of Global-e Online stock opened at $29.95 on Friday. The company has a fifty day moving average of $31.35 and a 200-day moving average of $35.11. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 46.08 and a beta of 1.18.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 EPS 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 during the quarter, compared to analyst estimates of $250.78 million. During the same period in the prior year, the business posted ($0.11) EPS. The firm’s revenue was up 32.8% compared to the same quarter last year. On average, equities research analysts forecast that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLBE. Royal Bank of Canada raised its holdings in Global-e Online by 87.4% in the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock worth $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock worth $1,948,000 after purchasing an additional 8,239 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Global-e Online in the 2nd quarter worth about $5,428,000. Finally, Brown Advisory Inc. purchased a new position in Global-e Online during the 2nd quarter valued at about $726,000. 94.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GLBE has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on shares of Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 24th. BMO Capital Markets initiated coverage on shares of Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target for the company. UBS Group lowered their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Bank of America initiated coverage on shares of Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

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.