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

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $43.22, for a total transaction of $630,234.04. Following the completion of the sale, the president owned 4,342,793 shares of the company’s stock, valued at approximately $187,695,513.46. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 shares were 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 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.

Global-e Online Stock Up 8.1%

Shares of Global-e Online stock opened at $44.93 on Thursday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $45.01. The stock has a market cap of $7.63 billion, a PE ratio of 52.24 and a beta of 1.10. The business has a fifty day simple moving average of $39.65 and a 200-day simple moving average of $35.77.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GLBE. Loop Capital set a $49.00 price target on shares of Global-e Online in a research report on Wednesday, August 12th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research report on Tuesday, September 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, UBS Group set a $54.00 target price on shares of Global-e Online and gave the stock a “buy” rating in a research report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.08.

Institutional Trading of Global-e Online

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Global-e Online by 232.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company’s stock valued at $4,517,000 after purchasing an additional 78,584 shares in the last quarter. Calamos Advisors LLC bought a new stake in Global-e Online in the third quarter worth $709,000. Associated Banc Corp bought a new stake in Global-e Online in the third quarter worth $309,000. State of Wyoming boosted its holdings in Global-e Online by 70.1% in the third quarter. State of Wyoming now owns 20,086 shares of the company’s stock worth $798,000 after purchasing an additional 8,279 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Global-e Online by 58.5% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after purchasing an additional 354 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

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.