Nir Debbi Sells 8,332 Shares of Global-e Online (NASDAQ:GLBE) Stock

Key Points

• Global-e Online President Nir Debbi sold 8,332 shares at an average price of $36.89, generating $307,367.48. He continues to own approximately 4.4 million shares valued at about $162.3 million.
• Global-e Online shares recently traded at $40.87, with a $6.94 billion market capitalization and a 52-week 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 a consensus “Moderate Buy” rating and an average price target of $47.69. Institutional investors own approximately 94.6% of the company’s stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 8,332 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $36.89, for a total value of $307,367.48. Following the transaction, the president directly owned 4,398,811 shares in the company, valued at approximately $162,272,137.79. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 value of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $35.82, for a total transaction 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 transaction of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total transaction of $234,397.80.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded up $1.18 during mid-day trading on Tuesday, hitting $40.87. The stock had a trading volume of 312,394 shares, compared to its average volume of 1,550,538. The firm has a market cap of $6.94 billion, a PE ratio of 47.53 and a beta of 1.00. The company has a 50 day moving average of $38.95 and a two-hundred day moving average of $34.78. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued 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 during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Equities research analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on GLBE. Needham & Company LLC reiterated a "buy" rating and issued a $47.00 price target on shares of Global-e Online in a report on Tuesday, September 1st. Raymond James Financial restated an "outperform" rating and set a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Zacks Research raised shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 25th. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an "accumulate" rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Global-e Online currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.69.

Institutional Investors Weigh In On Global-e Online

Large investors have recently modified their holdings of the business. Wasatch Advisors LP raised its holdings in Global-e Online by 28.1% in the 2nd 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 during the last quarter. Contour Asset Management LLC lifted its position in 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 buying an additional 211,034 shares in the last quarter. Janus Henderson Group PLC lifted its position in 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 worth $72,833,000 after buying an additional 91,384 shares in the last quarter. Wellington Management Group LLP boosted its stake in 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 worth $72,968,000 after buying an additional 2,037,962 shares during the last quarter. Finally, Spyglass Capital Management LLC grew its holdings in Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company's stock valued at $68,015,000 after buying an additional 20,610 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

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.

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