Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $298,452.24 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of Global-e Online stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $35.82, for a total transaction of $298,452.24. Following the completion of the transaction, the president owned 4,534,449 shares in the company, valued at approximately $162,423,963.18. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was 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 transaction of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total transaction 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 transaction 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 transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total transaction of $249,311.97.

Global-e Online Stock Performance

NASDAQ GLBE opened at $35.98 on Thursday. The firm’s 50 day moving average price is $32.16 and its two-hundred day moving average price is $33.95. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 55.35 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GLBE. Bank of America assumed coverage on Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. UBS Group dropped their target price on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Finally, Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Institutional Trading of Global-e Online

Several hedge funds and other institutional investors have recently modified their holdings of GLBE. IFP Advisors Inc boosted its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online in the 4th quarter worth about $39,000. Geneos Wealth Management Inc. raised its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online during the 4th quarter valued at about $72,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

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.