Key Points
- COO Shahar Tamari sold 25,949 shares on April 17 at an average price of $34.79 for a total of $902,765.71 and has made several other sales in April and March, while still owning 3,790,225 shares (a 0.68% reduction in his stake).
- GLBE opened at $33.05 (down ~2.5%), trades in a 52‑week range of $27.80–$43.21 with a $5.61 billion market cap and P/E of 89.32; analysts give a consensus rating of “Moderate Buy” with a $47.58 target and institutional investors own about 94.60% of the stock.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 7,191 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.67, for a total value of $249,311.97. Following the completion of the sale, the president directly owned 4,294,867 shares of the company's stock, valued at $148,903,038.89. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nir Debbi also recently made the following trade(s):
- 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 transaction 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 transaction 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 transaction 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 transaction of $287,537.32.
Global-e Online Stock Down 2.5%
Shares of GLBE stock opened at $33.05 on Tuesday. The stock's 50-day moving average price is $33.02 and its 200 day moving average price is $35.76. The stock has a market capitalization of $5.61 billion, a PE ratio of 89.32 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.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Truist Financial decreased their price target on Global-e Online from $43.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 26th. Weiss Ratings upgraded shares of Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, March 27th. Bank of America assumed coverage on Global-e Online in a report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price objective on the stock. KeyCorp reduced their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Finally, UBS Group decreased their price target on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.58.
View Our Latest Research Report on GLBE
Institutional Investors Weigh In On Global-e Online
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barton Investment Management boosted its stake in shares of Global-e Online by 0.8% during the 1st quarter. Barton Investment Management now owns 1,088,214 shares of the company's stock worth $33,571,000 after acquiring an additional 8,960 shares in the last quarter. SG Americas Securities LLC increased its stake in Global-e Online by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 1,365,092 shares of the company's stock valued at $42,113,000 after purchasing an additional 81,784 shares in the last quarter. Arohi Asset Management PTE Ltd. raised its holdings in Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock worth $148,604,000 after purchasing an additional 23,213 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Global-e Online by 10.5% during the 4th quarter. Vident Advisory LLC now owns 14,866 shares of the company's stock worth $584,000 after buying an additional 1,413 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Global-e Online in the fourth quarter valued at about $689,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Global-e Online Company Profile
(
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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