Nir Debbi Sells 4,166 Shares of Global-e Online (NASDAQ:GLBE) Stock

Key Points

• Nir Debbi, President of Global‑e Online, sold 4,166 shares on May 4 at an average price of $32.57 for $135,686.62 and now directly owns 4,290,693 shares (a 0.10% decrease, valued ~ $139.7M).
• Debbi has been a frequent seller since mid‑March, executing seven insider sales that total approximately <$948,000> across those transactions, indicating sustained insider disposals.
• Despite the insider sales, analysts maintain a consensus Buy rating on GLBE with an average price target of $46.77; the stock recently traded at $31.38 and the company has a market cap of $5.33 billion and a P/E of 84.85.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 4,166 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $32.57, for a total transaction of $135,686.62. Following the completion of the sale, the president directly owned 4,290,693 shares in the company, valued at approximately $139,747,871.01. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were 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 shares were sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Stock Performance

Shares of GLBE stock traded down $1.02 on Tuesday, hitting $31.38. The company had a trading volume of 854,534 shares, compared to its average volume of 1,453,323. The firm has a market cap of $5.33 billion, a P/E ratio of 84.85 and a beta of 1.18. The stock's 50-day moving average is $32.85 and its two-hundred day moving average is $35.60. Global-e Online Ltd. has a twelve month low of $27.80 and a twelve month high of $43.21.

Institutional Investors Weigh In On Global-e Online

Large investors have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock worth $38,000 after purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online during the 4th quarter worth approximately $39,000. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock worth $72,000 after purchasing an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on GLBE. BMO Capital Markets began coverage on shares of Global-e Online in a research report on Tuesday, April 21st. They set an "outperform" rating and a $42.00 price target on the stock. KeyCorp cut their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Piper Sandler reaffirmed an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, UBS Group dropped their price target on shares of Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $46.77.

About Global-e Online

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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