Global-e Online (NASDAQ:GLBE) CFO Ofer Koren Sells 12,500 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) CFO Ofer Koren sold 12,500 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $36.68, for a total transaction of $458,500.00. Following the completion of the transaction, the chief financial officer directly owned 153,189 shares of the company’s stock, valued at $5,618,972.52. This trade represents a 7.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global-e Online Stock Up 0.8%

Shares of GLBE traded up $0.31 on Monday, hitting $37.49. The company’s stock had a trading volume of 1,265,517 shares, compared to its average volume of 1,542,321. The firm’s fifty day moving average price is $38.91 and its 200-day moving average price is $34.65. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 43.59 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million during the quarter. As a group, equities analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of Global-e Online by 3,399.9% during the second quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock worth $141,237,000 after buying an additional 3,950,515 shares in the last quarter. Wellington Management Group LLP grew its stake 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 acquiring an additional 2,037,962 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Norges Bank bought a new position in Global-e Online during the fourth quarter worth about $51,104,000. Finally, Bienville Capital Management LLC bought a new position in Global-e Online during the second quarter worth about $13,021,000. 94.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GLBE. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. UBS Group set a $54.00 target price on Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Finally, Loop Capital set a $49.00 price target on shares of Global-e Online in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.