Nir Debbi Sells 12,272 Shares of Global-e Online (NASDAQ:GLBE) Stock

Key Points

• Global-e Online President Nir Debbi sold 12,272 shares at an average price of $39.56, generating $485,480.32. He retained 4.39 million shares valued at approximately $173.5 million, while recent filings show additional share sales.
• GLBE shares traded at $40.83, giving the company a market capitalization of about $6.93 billion. The company reported quarterly revenue of $299 million and EPS of $0.37, with analysts forecasting $1.32 in full-year EPS.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $47.69; institutional investors own approximately 94.6% of the stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 12,272 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $39.56, for a total value of $485,480.32. Following the completion of the transaction, the president owned 4,386,539 shares of the company's stock, valued at $173,531,482.84. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $36.89, for a total value of $307,367.48.
• 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 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 stock was 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.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total value of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total value of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total value of $234,397.80.

Global-e Online Stock Performance

Shares of GLBE traded up $1.14 during midday trading on Tuesday, hitting $40.83. 312,394 shares of the stock traded hands, compared to its average volume of 1,550,538. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99. The business's 50 day moving average price is $38.95 and its two-hundred day moving average price is $34.78. The firm has a market capitalization of $6.93 billion, a PE ratio of 47.65 and a beta of 1.00.

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

Analyst Ratings Changes

GLBE has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Global-e Online from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Benchmark reiterated a "buy" rating on shares of Global-e Online in a report on Thursday, August 13th. Jefferies Financial Group reissued a "buy" rating and set a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Loop Capital set a $49.00 target price on Global-e Online in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Global-e Online currently has a consensus rating of "Moderate Buy" and an average target price of $47.69.

Institutional Trading of Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of GLBE. MCF Advisors LLC raised its stake in Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company's stock worth $50,000 after buying an additional 552 shares during the period. Royce & Associates LP bought a new position in shares of Global-e Online during the fourth quarter worth about $204,000. PNC Financial Services Group Inc. lifted its stake in Global-e Online by 87.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,546 shares of the company's stock valued at $218,000 after acquiring an additional 2,592 shares in the last quarter. Seelaus Asset Management LLC acquired a new position in Global-e Online during the 1st quarter worth approximately $231,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of Global-e Online in the first quarter valued at approximately $239,000. 94.60% of the stock is owned by institutional investors.

About Global-e Online

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.

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