Global-e Online (NASDAQ:GLBE) Stock: Insider Nir Debbi Sells 100,000 Shares

Key Points

• Global-e Online President Nir Debbi sold 100,000 shares for $4.459 million at an average price of $44.59, reducing his stake by 2.3%. He retained 4,242,793 shares after the sale.
• Debbi has also reported several other share sales in recent months, including sales of 18,069 shares on November 5 and 14,582 shares on November 2.
• Global-e shares closed at $42.81, while analysts held a “Moderate Buy” consensus rating and an average price target of $48.08.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 100,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $44.59, for a total transaction of $4,459,000.00. Following the sale, the president directly owned 4,242,793 shares in the company, valued at $189,186,139.87. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, November 5th, Nir Debbi sold 18,069 shares of Global-e Online stock. The shares were sold at an average price of $44.51, for a total transaction of $804,251.19.
• On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $43.22, for a total transaction of $630,234.04.
• On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $39.81, for a total transaction of $580,509.42.
• 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 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 transaction 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 transaction of $8,939.88.
• On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $37.23, for a total transaction of $310,200.36.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE traded down $0.52 during trading on Friday, hitting $42.81. The company's stock had a trading volume of 313,375 shares, compared to its average volume of 1,529,227. The business has a 50 day moving average price of $39.74 and a two-hundred day moving average price of $35.80. The company has a market capitalization of $7.27 billion, a PE ratio of 49.94 and a beta of 1.10. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $45.28.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced 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 return on equity of 16.70% and a net margin of 13.87%. The business had revenue of $299.00 million for the quarter. As a group, equities analysts expect 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 bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company's stock valued at $72,968,000 after buying an additional 2,037,962 shares during the period. Wasatch Advisors LP lifted its position in Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock worth $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Bienville Capital Management LLC purchased a new position in Global-e Online in the 2nd quarter worth approximately $13,021,000. Renaissance Technologies LLC purchased a new position in Global-e Online in the 1st quarter worth approximately $8,512,000. Finally, Summit Creek Advisors LLC purchased a new position in Global-e Online in the 2nd quarter worth approximately $5,974,000. Hedge funds and other institutional investors own 94.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup reissued a "market outperform" rating on shares of Global-e Online in a report on Thursday, August 13th. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of Global-e Online from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. The Goldman Sachs Group reissued a "buy" rating on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, UBS Group set a $54.00 price objective on shares of Global-e Online and gave the stock a "buy" rating in a research report on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Global-e Online currently has an average rating of "Moderate Buy" and an average target price of $48.08.

About Global-e Online

Global-e Online Ltd. NASDAQ: GLBE provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.

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