Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 8,332 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36. Following the transaction, the president owned 4,407,371 shares of the company’s stock, valued at approximately $164,086,422.33. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was sold at an average price of $39.02, for a total value 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 value of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total value of $179,538.80.
• 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 value of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.

Global-e Online Trading Down 0.6%

Shares of Global-e Online stock traded down $0.24 on Thursday, reaching $38.56. 397,698 shares of the company were exchanged, compared to its average volume of 1,549,252. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $43.99. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 44.69 and a beta of 1.00. The company has a 50-day moving average of $38.69 and a 200 day moving average of $34.46.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The business 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%. Analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLBE has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Global-e Online in a research note on Tuesday, August 11th. Loop Capital set a $49.00 target price on Global-e Online in a report on Wednesday, August 12th. Morgan Stanley increased their price target on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $47.69.

Institutional Investors Weigh In On Global-e Online

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in shares of Global-e Online by 3,399.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock worth $141,237,000 after purchasing an additional 3,950,515 shares in the last quarter. Wasatch Advisors LP grew its stake in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after buying an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after buying an additional 2,387,242 shares during the period. Janus Henderson Group PLC raised its position in shares of Global-e Online by 1,539.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock valued at $89,213,000 after buying an additional 2,131,047 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of 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 worth $72,968,000 after acquiring an additional 2,037,962 shares in the last quarter. 94.60% of the stock is currently 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.