Nir Debbi Sells 14,582 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) President Nir Debbi sold 14,582 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $40.11, for a total transaction of $584,884.02. Following the completion of the transaction, the president directly owned 4,430,285 shares of the company’s stock, valued at $177,698,731.35. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was 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 shares were sold at an average price of $35.82, for a total value of $298,452.24.
  • On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total value 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 value of $234,397.80.
  • On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
  • On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value 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 value of $14,965.17.
  • On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total value 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 value of $69,113.03.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $41.57 on Thursday. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $42.38. The business has a fifty day moving average of $35.50 and a two-hundred day moving average of $33.78. The stock has a market cap of $7.06 billion, a PE ratio of 63.95 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GLBE. Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.83.

View Our Latest Research Report on Global-e Online

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently modified their holdings of the stock. Annex Advisory Services LLC increased its holdings in shares of Global-e Online by 37.8% in the second quarter. Annex Advisory Services LLC now owns 88,076 shares of the company’s stock valued at $3,059,000 after purchasing an additional 24,179 shares in the last quarter. Wasatch Advisors LP raised its position in Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Global-e Online by 38.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock worth $6,077,000 after buying an additional 48,145 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Global-e Online by 8.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after buying an additional 631 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in Global-e Online by 39.1% in the 2nd quarter. Moody National Bank Trust Division now owns 43,765 shares of the company’s stock valued at $1,520,000 after buying an additional 12,300 shares during the last quarter. 94.60% of the stock is owned by institutional investors.

Global-e Online Company Profile

(Get Free Report)

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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