Global-e Online (NASDAQ:GLBE) President Sells $179,538.80 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 5,180 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $34.66, for a total value of $179,538.80. Following the transaction, the president owned 4,542,781 shares in the company, valued at $157,452,789.46. This trade represents a 0.11% 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 Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were 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.
• 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 transaction 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 transaction 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 transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was 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 value 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 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 value of $7,192.99.

Global-e Online Price Performance

Shares of GLBE opened at $35.83 on Thursday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The stock has a fifty day moving average price of $31.68 and a 200 day moving average price of $34.06. The company has a market cap of $6.08 billion, a P/E ratio of 55.12 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLBE. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Benchmark restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Finally, Bank of America started coverage on Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.33.

Institutional Investors Weigh In On Global-e Online

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after buying an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Global-e Online by 17.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after acquiring 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% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Global-e Online during the second quarter worth approximately $5,428,000. Finally, Brown Advisory Inc. bought a new stake in Global-e Online during the second quarter worth approximately $726,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

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.