Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells 1,863 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 1,863 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total transaction of $56,355.75. Following the completion of the sale, the president owned 4,568,699 shares in the company, valued at approximately $138,203,144.75. The trade was a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 shares were 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 shares were sold at an average price of $34.67, for a total transaction 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 transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total transaction of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $29.95 on Tuesday. The firm’s 50-day moving average price is $31.26 and its 200-day moving average price is $35.07. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 46.08 and a beta of 1.18. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. On average, equities analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its stake in Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock worth $199,247,000 after acquiring an additional 1,637,482 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC boosted its stake in shares of Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. boosted its stake in shares of Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after purchasing an additional 23,213 shares in the last quarter. Finally, Spyglass Capital Management LLC boosted its stake in shares of Global-e Online by 63.0% during the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock valued at $96,665,000 after purchasing an additional 1,044,960 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLBE. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Morgan Stanley dropped their target price on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial restated an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. BMO Capital Markets initiated coverage on shares of Global-e Online in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.17.

About Global-e Online

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.