Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CFO Ofer Koren sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $41.23, for a total value of $2,061,500.00. Following the completion of the transaction, the chief financial officer directly owned 153,189 shares of the company’s stock, valued at $6,315,982.47. The trade was a 24.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Ofer Koren also recently made the following trade(s):
- On Thursday, September 17th, Ofer Koren sold 12,200 shares of Global-e Online stock. The shares were sold at an average price of $38.07, for a total value of $464,454.00.
- On Monday, September 14th, Ofer Koren sold 300 shares of Global-e Online stock. The shares were sold at an average price of $38.00, for a total value of $11,400.00.
- On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The shares were sold at an average price of $36.68, for a total value of $458,500.00.
Global-e Online Stock Down 1.0%
Shares of GLBE stock traded down $0.42 during trading hours on Thursday, hitting $40.81. 847,350 shares of the company’s stock were exchanged, compared to its average volume of 1,557,504. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm has a market cap of $6.93 billion, a P/E ratio of 47.46 and a beta of 1.00. The firm has a 50 day moving average of $39.05 and a two-hundred day moving average of $34.85.
Institutional Trading of Global-e Online
A number of hedge funds have recently bought and sold shares of the business. MCF Advisors LLC boosted its stake in Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after buying an additional 552 shares during the last quarter. Bienville Capital Management LLC purchased a new position in shares of Global-e Online during the 2nd quarter worth $13,021,000. Keenan Capital LLC boosted its position in shares of Global-e Online by 4.8% during the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after acquiring an additional 90,000 shares during the last quarter. Spyglass Capital Management LLC boosted its position in shares of Global-e Online by 1.1% during the 2nd 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 last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after purchasing an additional 2,037,962 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on GLBE shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. Loop Capital set a $49.00 price target on Global-e Online in a research note on Wednesday, August 12th. BMO Capital Markets lifted their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Morgan Stanley boosted their price target on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.69.
Read Our Latest Stock Analysis on Global-e Online
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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