Key Points
- Global-e Online President Nir Debbi sold 14,582 shares at an average price of $40.11, generating proceeds of approximately $584,884. Following the transaction, he still owned 4.43 million shares, and his stake declined by 0.33%.
- GLBE shares opened at $41.53, near their 52-week high of $41.94, with a market capitalization of $7.05 billion. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $44.83.
- Institutional investors hold 94.6% of Global-e Online’s stock, with firms including Wasatch Advisors and T. Rowe Price recently increasing their positions.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 14,582 shares of Global-e Online stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $40.11, for a total transaction of $584,884.02. Following the sale, the president owned 4,430,285 shares in the company, valued at approximately $177,698,731.35. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Nir Debbi also recently made the following trade(s):
- On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was sold at an average price of $39.02, for a total transaction of $5,853.00.
- On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $35.82, for a total transaction of $298,452.24.
- On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total value of $179,538.80.
- On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total value of $234,397.80.
- On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
- On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
- On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The shares were sold at an average price of $33.33, for a total transaction of $14,965.17.
- On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total transaction of $56,355.75.
- On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total transaction of $69,113.03.
Global-e Online Stock Performance
Shares of GLBE opened at $41.53 on Wednesday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 63.89 and a beta of 1.03. The stock has a fifty day moving average price of $35.26 and a two-hundred day moving average price of $33.76. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GLBE. Truist Financial lifted their price target on shares of Global-e Online from $39.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. BMO Capital Markets lifted their target price on Global-e Online from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday. Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Piper Sandler restated an "overweight" rating and issued a $48.00 price target on shares of Global-e Online in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered Global-e Online from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Global-e Online presently has an average rating of "Moderate Buy" and a consensus price target of $44.83.
View Our Latest Research Report on GLBE
Institutional Investors Weigh In On Global-e Online
Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its stake in Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock worth $287,397,000 after purchasing an additional 1,816,606 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the period. Contour Asset Management LLC raised its stake in shares of Global-e Online by 4.6% in the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company's stock valued at $190,342,000 after purchasing an additional 211,034 shares during the period. Arohi Asset Management PTE Ltd. lifted its holdings in shares of Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock valued at $148,604,000 after purchasing an additional 23,213 shares in the last quarter. Finally, Brown Capital Management LLC lifted its holdings in shares of Global-e Online by 0.6% in the fourth quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company's stock valued at $94,535,000 after purchasing an additional 15,014 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
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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