Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CFO Ofer Koren sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $36.68, for a total transaction of $458,500.00. Following the completion of the sale, the chief financial officer owned 153,189 shares in the company, valued at $5,618,972.52. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Global-e Online Price Performance
Shares of GLBE opened at $36.48 on Wednesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 42.42 and a beta of 1.00. The firm has a 50 day simple moving average of $38.91 and a 200-day simple moving average of $34.69.
Global-e Online (NASDAQ:GLBE – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) 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%. On average, equities analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Global-e Online
Hedge Funds Weigh In On Global-e Online
Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP increased its holdings in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after buying an additional 1,816,606 shares during the last quarter. Contour Asset Management LLC boosted its holdings in Global-e Online by 4.6% in the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after acquiring an additional 211,034 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Global-e Online by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after acquiring an additional 91,384 shares during the last quarter. Wellington Management Group LLP grew its position in Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after acquiring an additional 2,037,962 shares during the period. Finally, Spyglass Capital Management LLC grew its position in Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.
About Global-e Online
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.
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