Nir Debbi Sells 6,890 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) President Nir Debbi sold 6,890 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $34.02, for a total value of $234,397.80. Following the completion of the transaction, the president directly owned 4,547,961 shares of the company’s stock, valued at approximately $154,721,633.22. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.47, for a total transaction 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 transaction 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 shares were 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 stock was 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 stock was 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 value of $249,311.97.
  • On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
  • On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.

Global-e Online Stock Performance

GLBE opened at $36.41 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The company’s 50 day simple moving average is $31.57 and its 200 day simple moving average is $34.17. The stock has a market capitalization of $6.18 billion, a PE ratio of 56.02 and a beta of 1.16.

Global-e Online (NASDAQ:GLBEGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. Global-e Online’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. As a group, sell-side analysts expect that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Global-e Online by 90.1% during the first quarter. Bank of America Corp DE now owns 330,418 shares of the company’s stock worth $10,193,000 after purchasing an additional 156,641 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after buying an additional 91,384 shares during the last quarter. Royal Bank of Canada grew its position in shares of Global-e Online by 2.8% in the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock worth $1,145,000 after acquiring an additional 996 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Global-e Online in the 1st quarter worth approximately $1,144,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Global-e Online by 4.7% in the 1st quarter. Lazard Asset Management LLC now owns 98,748 shares of the company’s stock valued at $3,046,000 after acquiring an additional 4,428 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $39.00 in a research report on Wednesday, June 10th. Morgan Stanley reduced their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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About Global-e Online

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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.

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Insider Buying and Selling by Quarter for Global-e Online (NASDAQ:GLBE)

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