Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) President Nir Debbi sold 14,582 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $40.18, for a total transaction of $585,904.76. Following the completion of the sale, the president owned 4,371,957 shares of the company’s stock, valued at approximately $175,665,232.26. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Nir Debbi also recently made the following trade(s):
- 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 transaction 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 shares were 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.
- On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was 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.
Global-e Online Price Performance
Shares of NASDAQ:GLBE opened at $38.96 on Thursday. The business’s 50-day moving average is $39.55 and its 200 day moving average is $35.22. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The firm has a market capitalization of $6.61 billion, a P/E ratio of 45.30 and a beta of 0.98.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on GLBE shares. Loop Capital set a $49.00 target price on shares of Global-e Online in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a report on Tuesday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research note on Tuesday, September 1st. Finally, BMO Capital Markets boosted their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the 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.
Get Our Latest Stock Report on GLBE
Institutional Investors Weigh In On Global-e Online
A number of institutional investors and hedge funds have recently modified their holdings of GLBE. Moody National Bank Trust Division boosted its position in Global-e Online by 17.3% in the third quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock valued at $2,039,000 after buying an additional 7,550 shares during the last quarter. MCF Advisors LLC raised its position in Global-e Online by 62.4% during the 2nd 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 acquired a new stake in Global-e Online during the 2nd quarter valued at approximately $13,021,000. Keenan Capital LLC lifted its stake in 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 period. Finally, Spyglass Capital Management LLC boosted its holdings in shares of Global-e Online by 1.1% in 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. Institutional investors and hedge funds own 94.60% of the company’s stock.
About Global-e Online
Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.
The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.
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