Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $310,200.36 in Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) President Nir Debbi sold 8,332 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36. Following the completion of the transaction, the president owned 4,407,371 shares of the company’s stock, valued at $164,086,422.33. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total value of $584,884.02.
  • 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 value 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.

Global-e Online Stock Performance

Global-e Online stock traded down $0.24 during trading hours on Thursday, reaching $38.56. 397,698 shares of the company’s stock traded hands, compared to its average volume of 1,549,252. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 44.69 and a beta of 1.00. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm’s 50 day moving average is $38.69 and its 200-day moving average is $34.46.

Global-e Online (NASDAQ:GLBEGet Free Report) last posted its quarterly 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. Analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in Global-e Online by 3,399.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after acquiring an additional 3,950,515 shares in the last quarter. Spyglass Capital Management LLC grew its stake 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 worth $68,015,000 after acquiring an additional 20,610 shares in the last quarter. Wellington Management Group LLP raised 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Global-e Online in the second quarter worth $1,582,000. Finally, Summit Creek Advisors LLC acquired a new position in Global-e Online during the second quarter worth $5,974,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLBE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Loop Capital set a $49.00 price objective on Global-e Online in a research report on Wednesday, August 12th. Morgan Stanley increased their target price on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $47.00 target price on shares of Global-e Online in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of Global-e Online in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and an average price target of $47.69.

Read Our Latest Stock Report on GLBE

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.

See Also

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

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