Global-e Online (NASDAQ:GLBE) Stock: Insider Nir Debbi Sells 14,582 Shares

Key Points

• Insider selling: Global-e Online President Nir Debbi sold 14,582 shares for approximately $585,905, reducing his position by 0.33% to 4.37 million shares. The sale follows several additional disposals since July.
• Stock performance and fundamentals: GLBE rose 2.1% to $40.15, with a $6.81 billion market capitalization and a price-to-earnings ratio of 46.69. The company reported quarterly revenue of $299 million and earnings per share of $0.37.
• Analyst and institutional sentiment: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $47.69, while institutional investors own 94.6% of the company’s shares.

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 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. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 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.
• 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 transaction 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 transaction of $5,853.00.

Global-e Online Stock Up 2.1%

GLBE traded up $0.84 during midday trading on Monday, reaching $40.15. 114,330 shares of the company's stock were exchanged, compared to its average volume of 1,550,348. The business has a 50-day simple moving average of $39.54 and a two-hundred day simple moving average of $35.11. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 46.69 and a beta of 0.98. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $43.99.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on GLBE. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Loop Capital set a $49.00 target price on shares of Global-e Online in a research note on Wednesday, August 12th. Morgan Stanley upped their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating and set a $48.00 target price on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a "buy" rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.69.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its holdings 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 buying an additional 1,816,606 shares in the last quarter. Contour Asset Management LLC raised its position 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 worth $190,342,000 after acquiring an additional 211,034 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Global-e Online by 3,232.4% during 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 during the period. Janus Henderson Group PLC lifted its stake in shares of Global-e Online by 4.0% during the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company's stock valued at $72,833,000 after acquiring an additional 91,384 shares during the period. Finally, Spyglass Capital Management LLC boosted its holdings in Global-e Online by 1.1% in the second 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 own 94.60% of the company's stock.

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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