Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells 4,166 Shares of Stock

Key Points

• Global-e Online President Nir Debbi sold 4,166 shares on April 15 at an average price of $33.06 for $137,727.96, leaving him with 4,302,269 shares (a 0.10% ownership decrease).
• Debbi also sold 4,166 shares on April 1 at $31.26 and 8,332 shares on March 16 at $34.51, indicating a recent pattern of insider selling.
• The stock is up 5.9%, the company has a market cap of about $5.65 billion and ~94.6% institutional ownership, while analysts have a consensus Moderate Buy rating with a $47.58 target.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 4,166 shares of Global-e Online stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96. Following the completion of the transaction, the president directly owned 4,302,269 shares of the company's stock, valued at $142,233,013.14. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Stock Up 5.9%

NASDAQ GLBE opened at $33.30 on Thursday. The company has a fifty day moving average of $32.95 and a two-hundred day moving average of $35.82. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 90.00 and a beta of 1.28. Global-e Online Ltd. has a 52 week low of $27.80 and a 52 week high of $43.21.

Institutional Trading of Global-e Online

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock valued at $38,000 after purchasing an additional 448 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after buying an additional 528 shares during the last quarter. California State Teachers Retirement System increased its position in Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company's stock worth $4,564,000 after buying an additional 533 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of Global-e Online by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company's stock worth $2,062,000 after acquiring an additional 536 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company's stock valued at $106,000 after acquiring an additional 649 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a research note on Sunday, March 29th. Truist Financial cut their price target on shares of Global-e Online from $43.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 26th. Zacks Research upgraded shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Friday, December 19th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.58.

Global-e Online Company Profile

Global-e Online Ltd. NASDAQ: GLBE is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company's cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e's offering is a comprehensive suite of services that includes customizable checkout in the buyer's local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.

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