Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 4,166 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $32.47, for a total value of $135,270.02. Following the sale, the president directly owned 4,554,851 shares of the company’s stock, valued at $147,896,011.97. This represents a 0.09% decrease in their position. The sale 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, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The shares were sold at an average price of $33.33, for a total value 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 value of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total value 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 shares were 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.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.

Global-e Online Stock Performance

GLBE opened at $32.28 on Wednesday. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The company has a market capitalization of $5.48 billion, a P/E ratio of 49.66 and a beta of 1.16. The stock has a fifty day moving average of $31.22 and a 200-day moving average of $34.54.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The company’s revenue was up 32.8% on a year-over-year basis. On average, equities research analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Morgan Stanley dropped their target price on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annex Advisory Services LLC raised its stake in Global-e Online by 64.4% in the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock valued at $25,159,000 after purchasing an additional 250,625 shares in the last quarter. Vitruvian Partners LLP raised its stake in Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock valued at $6,167,000 after purchasing an additional 32,405 shares in the last quarter. Legal & General Group Plc raised its stake in Global-e Online by 105.3% in the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after purchasing an additional 296,466 shares in the last quarter. NZS Capital LLC raised its stake in Global-e Online by 39.3% in the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock valued at $33,995,000 after purchasing an additional 268,328 shares in the last quarter. Finally, Spyglass Capital Management LLC raised its stake in Global-e Online by 63.0% in the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock valued at $96,665,000 after purchasing an additional 1,044,960 shares in the last quarter. 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.