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

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

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 stock was 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 shares were sold at an average price of $43.22, for a total value 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 transaction of $580,509.42.
• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total transaction 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 transaction of $307,367.48.
• On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were 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 transaction 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 transaction of $310,200.36.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $42.97 on Friday. The business’s 50 day simple moving average is $39.81 and its 200-day simple moving average is $35.84. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $45.28. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 49.97 and a beta of 1.10.

Global-e Online (NASDAQ:GLBE) last announced its quarterly 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 for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, equities analysts anticipate that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Trading of Global-e Online

A number of large investors have recently made changes to their positions in GLBE. Signaturefd LLC grew its holdings in Global-e Online by 58.5% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after acquiring an additional 354 shares during the period. Jacobi Capital Management LLC purchased a new position in shares of Global-e Online in the 3rd quarter worth approximately $48,000. 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 valued at $50,000 after buying an additional 552 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Global-e Online in the 3rd quarter valued at $247,000. Finally, Seelaus Asset Management LLC purchased a new stake in Global-e Online during the 1st quarter valued at approximately $231,000. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GLBE shares. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 target price on shares of Global-e Online in a research note on Thursday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Morgan Stanley upped their target price on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.08.

Key Stories Impacting Global-e Online

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

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.