Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) President Nir Debbi sold 18,069 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $44.51, for a total value of $804,251.19. Following the transaction, the president directly owned 4,224,724 shares of the company’s stock, valued at approximately $188,042,465.24. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Nir Debbi also recently made the following trade(s):
- On Wednesday, November 4th, Nir Debbi sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $44.59, for a total value of $4,459,000.00.
- On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $43.22, for a total value of $630,234.04.
- On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $39.81, for a total value of $580,509.42.
- On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.18, for a total value of $585,904.76.
- 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 value of $307,367.48.
- On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The stock was sold at an average price of $39.56, for a total value of $485,480.32.
- 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 value of $8,939.88.
- On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $37.23, for a total value of $310,200.36.
Global-e Online Trading Down 1.2%
GLBE stock traded down $0.52 during trading on Friday, hitting $42.81. The company had a trading volume of 318,561 shares, compared to its average volume of 1,529,227. The business has a 50-day moving average of $39.74 and a 200-day moving average of $35.80. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The stock has a market cap of $7.27 billion, a PE ratio of 49.78 and a beta of 1.10.
Global-e Online (NASDAQ:GLBE – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million during the quarter. Research analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GLBE. Truist Financial lifted their target price on shares of Global-e Online from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Global-e Online in a research report on Tuesday, September 1st. Jefferies Financial Group reiterated a “buy” rating and set a $48.00 price target on shares of Global-e Online in a report on Wednesday, August 12th. UBS Group set a $54.00 price target on Global-e Online and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.08.
Read Our Latest Stock Analysis on GLBE
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of GLBE. Wellington Management Group LLP grew its holdings in 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 worth $72,968,000 after purchasing an additional 2,037,962 shares during the period. Wasatch Advisors LP raised its holdings in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the period. Bienville Capital Management LLC bought a new position in shares of Global-e Online during the 2nd quarter worth about $13,021,000. Renaissance Technologies LLC bought a new position in shares of Global-e Online during the 1st quarter worth about $8,512,000. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Global-e Online in the 2nd quarter valued at about $5,974,000. 94.60% of the stock is owned by institutional investors.
Global-e Online Company Profile
Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.
The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.
Founded in 2013, Global-e serves merchants and shoppers across international markets.
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