Key Points
- Nir Debbi, President of Global‑e, completed an insider sale of 4,166 shares on April 1 at $31.26 for $130,229.16 and previously sold 8,332 shares on March 16 at $34.51 for $287,537.32.
- Wall Street sentiment is broadly positive with a consensus rating of "Moderate Buy", most analysts issuing Buy ratings, and an average price target of $47.58.
- Shares trade near $31, with a 12‑month range of $26.64–$43.21, a market cap of $5.29 billion and a high valuation (P/E 84.27), while institutional investors own about 94.6% of the stock.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 4,166 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total value of $130,229.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nir Debbi also recently made the following trade(s):
- 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 Trading Up 0.4%
NASDAQ:GLBE opened at $31.18 on Friday. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $43.21. The stock's 50 day simple moving average is $33.93 and its 200-day simple moving average is $36.17. The firm has a market cap of $5.29 billion, a P/E ratio of 84.27 and a beta of 1.28.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. IFP Advisors Inc grew 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online in the fourth quarter valued at about $39,000. Geneos Wealth Management Inc. lifted its stake in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock worth $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Global-e Online by 237.7% during the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock worth $72,000 after buying an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on GLBE shares. Bank of America started coverage on shares of Global-e Online in a research note on Tuesday. They issued a "buy" rating and a $43.00 price objective on the stock. Piper Sandler restated an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Benchmark lifted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Global-e Online from a "hold" rating to a "buy" rating in a research note on Sunday, March 29th. Finally, Zacks Research raised shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and an average target price of $47.58.
Get Our Latest Report on Global-e Online
Global-e Online Company Profile
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Get Free Report)
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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