Global-e Online (NASDAQ:GLBE) CFO Ofer Koren Sells 300 Shares

by · The Markets Daily

Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CFO Ofer Koren sold 300 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $38.00, for a total value of $11,400.00. Following the sale, the chief financial officer directly owned 153,189 shares in the company, valued at approximately $5,821,182. The trade was a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ofer Koren also recently made the following trade(s):

  • On Tuesday, September 8th, Ofer Koren sold 12,500 shares of Global-e Online stock. The stock was sold at an average price of $36.68, for a total transaction of $458,500.00.

Global-e Online Price Performance

NASDAQ GLBE traded up $0.30 during trading hours on Wednesday, hitting $36.78. The company had a trading volume of 1,499,868 shares, compared to its average volume of 1,542,432. The firm’s 50 day moving average is $38.91 and its 200 day moving average is $34.69. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 42.77 and a beta of 1.00.

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

Wall Street Analysts Forecast Growth

GLBE has been the topic of a number of analyst reports. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Piper Sandler restated an “overweight” rating and issued a $48.00 target price on shares of Global-e Online in a research note on Tuesday, August 11th. BMO Capital Markets raised their price target on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Check Out Our Latest Report on GLBE

Hedge Funds Weigh In On Global-e Online

Several institutional investors and hedge funds have recently made changes to their positions in the business. Main Management ETF Advisors LLC raised its position in Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after acquiring an additional 536 shares in the last quarter. MCF Advisors LLC grew its position in Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after acquiring an additional 552 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Global-e Online by 8.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after purchasing an additional 631 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Global-e Online by 2.8% during the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock worth $1,145,000 after purchasing an additional 996 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Global-e Online by 0.3% during the 1st quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after purchasing an additional 1,025 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

(Get Free Report)

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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