Key Points
- Nir Debbi, President of Global‑e, sold 4,166 shares on May 4 at an average price of $32.57 for $135,686.62, leaving him with 4,290,693 shares (a 0.10% reduction) valued at about $139.75 million.
- GLBE opened down 2.4% at $31.61, trading in a 12‑month range of $27.80–$43.21 with a market cap of ~$5.37 billion and a P/E of 85.4, while analysts hold a consensus "Buy" rating with an average price target of $46.77.
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 Monday, May 4th. The stock was sold at an average price of $32.57, for a total value of $135,686.62. Following the transaction, the president directly owned 4,290,693 shares of the company's stock, valued at approximately $139,747,871.01. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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 value of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was 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 stock was 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 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 Trading Down 2.4%
Shares of GLBE opened at $31.61 on Wednesday. Global-e Online Ltd. has a 12-month low of $27.80 and a 12-month high of $43.21. The firm has a market capitalization of $5.37 billion, a P/E ratio of 85.43 and a beta of 1.18. The firm has a 50-day moving average price of $32.76 and a 200 day moving average price of $35.58.
Hedge Funds Weigh In On Global-e Online
Several large investors have recently bought and sold shares of GLBE. Vitruvian Partners LLP boosted its holdings in Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company's stock valued at $6,167,000 after purchasing an additional 32,405 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Global-e Online by 16.1% during the third quarter. Penserra Capital Management LLC now owns 127,667 shares of the company's stock worth $4,564,000 after purchasing an additional 17,676 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company's stock worth $25,159,000 after buying an additional 250,625 shares during the last quarter. NZS Capital LLC lifted its position in shares of Global-e Online by 39.3% during the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company's stock worth $33,995,000 after buying an additional 268,328 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Global-e Online by 50.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company's stock valued at $27,714,000 after buying an additional 260,000 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GLBE. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Weiss Ratings raised Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, March 27th. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a report on Sunday, March 29th. Bank of America began coverage on Global-e Online in a research report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 target price for the company. Finally, UBS Group cut 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 note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Global-e Online presently has a consensus rating of "Buy" and an average price target of $46.77.
Check Out Our Latest Analysis on Global-e Online
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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