Global-e Online (NASDAQ:GLBE) Stock: Insider Nir Debbi Sells 14,582 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $40.18, for a total transaction of $585,904.76. Following the transaction, the president directly owned 4,371,957 shares in the company, valued at $175,665,232.26. The trade was a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction 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 transaction 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 stock was sold at an average price of $37.23, for a total value of $310,200.36.
• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was 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.

Global-e Online Stock Down 2.7%

Shares of NASDAQ:GLBE opened at $38.70 on Wednesday. The company has a market cap of $6.57 billion, a P/E ratio of 45.00 and a beta of 0.98. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $43.99. The business has a fifty day simple moving average of $39.58 and a 200-day simple moving average of $35.18.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company 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%. Sell-side analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MCF Advisors LLC increased its position in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after acquiring an additional 552 shares in the last quarter. Seelaus Asset Management LLC acquired a new position in shares of Global-e Online during the 1st quarter valued at $231,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Global-e Online during the 1st quarter valued at $239,000. Hennion & Walsh Asset Management Inc. boosted its position in Global-e Online by 8.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after purchasing an additional 631 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Global-e Online by 5.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock valued at $864,000 after purchasing an additional 1,321 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GLBE shares. BMO Capital Markets lifted their price target on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Loop Capital set a $49.00 target price on Global-e Online in a research report on Wednesday, August 12th. Truist Financial lifted their target price on Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Finally, Raymond James Financial reissued an “outperform” rating and set a $48.00 price target on shares of Global-e Online in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.