Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 18,069 Shares of Stock

by · The Markets Daily

Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) President Nir Debbi sold 18,069 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $44.51, for a total value of $804,251.19. Following the completion of the transaction, the president directly owned 4,224,724 shares of the company’s stock, valued at approximately $188,042,465.24. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, November 4th, Nir Debbi sold 100,000 shares of Global-e Online stock. The shares were sold at an average price of $44.59, for a total transaction of $4,459,000.00.
  • On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $43.22, for a total value of $630,234.04.
  • On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $39.81, for a total transaction of $580,509.42.
  • On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.18, for a total value of $585,904.76.
  • 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 transaction of $307,367.48.
  • On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $39.21, for a total value 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 value of $310,200.36.

Global-e Online Trading Down 0.8%

GLBE opened at $42.97 on Friday. The business’s fifty day simple moving average is $39.81 and its 200-day simple moving average is $35.84. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 49.97 and a beta of 1.10. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $45.28.

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

Key Global-e Online News

Here are the key news stories impacting Global-e Online this week:

  • Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
  • Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

Wall Street Analyst Weigh In

Several research firms recently weighed in on GLBE. UBS Group set a $54.00 target price on Global-e Online and gave the stock a “buy” rating in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Global-e Online in a research note on Tuesday, September 1st. Morgan Stanley increased their price target on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Piper Sandler reissued an “overweight” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.08.

Get Our Latest Analysis on GLBE

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares during the period. Wasatch Advisors LP lifted its position in shares of Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after acquiring an additional 1,816,606 shares during the period. Bienville Capital Management LLC acquired a new stake in shares of Global-e Online in the 2nd quarter valued at $13,021,000. Renaissance Technologies LLC bought a new position in shares of Global-e Online in the first quarter worth about $8,512,000. Finally, Summit Creek Advisors LLC acquired a new position in shares of Global-e Online in the 2nd quarter valued at $5,974,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Company Profile

(Get Free Report)

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.

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