Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $485,480.32 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 12,272 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $39.56, for a total value of $485,480.32. Following the transaction, the president owned 4,386,539 shares of the company’s stock, valued at approximately $173,531,482.84. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The stock was 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 shares were sold at an average price of $37.23, for a total transaction of $310,200.36.
• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total transaction of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total transaction of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total transaction of $234,397.80.

Global-e Online Stock Performance

Shares of Global-e Online stock opened at $40.88 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The firm’s 50-day simple moving average is $39.10 and its 200-day simple moving average is $34.89. The firm has a market cap of $6.94 billion, a PE ratio of 47.54 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The business had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, equities analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GLBE shares. Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Truist Financial boosted their target price on shares of Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MCF Advisors LLC increased its stake 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 purchasing an additional 552 shares during the period. Royce & Associates LP acquired a new position in shares of Global-e Online during the fourth quarter worth approximately $204,000. PNC Financial Services Group Inc. grew its holdings in Global-e Online by 87.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,546 shares of the company’s stock worth $218,000 after buying an additional 2,592 shares in the last quarter. Seelaus Asset Management LLC acquired a new stake in Global-e Online in the 1st quarter valued at approximately $231,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in Global-e Online in the 1st quarter valued at approximately $239,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.