Global-e Online (NASDAQ:GLBE) President Sells $580,509.42 in Stock

Key Points

• Global-e Online President Nir Debbi sold 14,582 shares at an average price of $39.81, generating $580,509.42. He retains 4.36 million shares valued at approximately $173.5 million.
• Global-e shares traded at $39.54, with a $6.71 billion market capitalization and a 12-month range of $26.84 to $43.99. The company reported quarterly revenue of $299 million and EPS of $0.37.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and three Holds, a “Moderate Buy” consensus, and an average price target of $48.00. Institutional investors own 94.6% of the stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 14,582 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $39.81, for a total transaction of $580,509.42. Following the completion of the transaction, the president owned 4,357,375 shares of the company's stock, valued at approximately $173,467,098.75. The trade was 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 link.

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

• On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total transaction of $585,904.76.
• On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $36.89, for a total value 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 stock was sold at an average price of $39.21, for a total transaction 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 transaction of $310,200.36.
• 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.

Global-e Online Price Performance

Shares of NASDAQ:GLBE traded up $0.72 during trading on Monday, hitting $39.54. The company's stock had a trading volume of 299,262 shares, compared to its average volume of 1,532,191. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 45.98 and a beta of 0.98. The company has a 50-day moving average of $39.36 and a 200-day moving average of $35.63. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC increased its stake in Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company's stock worth $50,000 after acquiring an additional 552 shares during the last quarter. Seelaus Asset Management LLC purchased a new position in shares of Global-e Online during the first quarter valued at approximately $231,000. Lombard Odier Asset Management USA Corp bought a new position in shares of Global-e Online during the first quarter valued at approximately $239,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company's stock valued at $286,000 after buying an additional 631 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Global-e Online by 5.0% during the first quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company's stock valued at $864,000 after buying an additional 1,321 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group set a $54.00 target price on shares of Global-e Online and gave the stock a "buy" rating in a report on Thursday, August 13th. Citigroup reiterated a "market outperform" rating on shares of Global-e Online in a research note on Thursday, August 13th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Truist Financial boosted their price objective on Global-e Online from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $48.00 price objective on shares of Global-e Online in a research report on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.00.

Global-e Online Company Profile

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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