Key Points
- Global-e Online President Nir Debbi sold 1,863 shares on May 21 at an average price of $30.25, generating about $56,356. After the sale, he still held 4.57 million shares valued at roughly $138.2 million.
- The president has been actively selling shares recently, with multiple transactions in April and May, including larger sales on May 20 and May 4. The latest sale reduced his ownership by just 0.04%.
- Global-e Online reported strong quarterly results on May 13, posting EPS of $0.27 versus estimates of $0.18 and revenue of $252.09 million, up 32.8% year over year. Despite the solid earnings, the stock was trading down 0.9% and analysts maintained a consensus rating of “Moderate Buy.”
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 1,863 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $56,355.75. Following the completion of the transaction, the president owned 4,568,699 shares in the company, valued at $138,203,144.75. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nir Debbi also recently made the following trade(s):
- On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total transaction of $69,113.03.
- On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total transaction of $135,686.62.
- On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total transaction of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97.
- 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 shares were sold at an average price of $34.51, for a total transaction of $287,537.32.
Global-e Online Trading Down 0.9%
NASDAQ:GLBE opened at $29.68 on Wednesday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The firm's fifty day simple moving average is $31.16 and its 200 day simple moving average is $35.02. The firm has a market capitalization of $5.04 billion, a PE ratio of 45.66 and a beta of 1.18.
Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. During the same period last year, the business posted ($0.11) EPS. Global-e Online's revenue was up 32.8% compared to the same quarter last year. As a group, analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on GLBE shares. Truist Financial decreased their price target on shares of Global-e Online from $42.00 to $37.00 and set a "hold" rating on the stock in a research report on Friday, April 24th. Piper Sandler restated an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. UBS Group decreased 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 report on Tuesday, March 31st. KeyCorp decreased their price target on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Finally, Weiss Ratings lowered shares of Global-e Online from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.17.
Read Our Latest Research Report on Global-e Online
Hedge Funds Weigh In On Global-e Online
A number of hedge funds and other institutional investors have recently made changes to their positions in GLBE. Royal Bank of Canada lifted its holdings in shares of Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock worth $2,684,000 after acquiring an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after acquiring an additional 8,239 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after acquiring an additional 528 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Global-e Online during the 2nd quarter worth about $5,428,000. Finally, Brown Advisory Inc. bought a new position in shares of Global-e Online during the 2nd quarter worth about $726,000. 94.60% of the stock is owned by institutional investors.
About Global-e Online
(
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.
Further Reading
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