Key Points
- CEO Amir Schlachet sold 24,999 Global-e Online shares at an average price of $38.24, generating $955,961.76. His direct ownership declined 0.67% to 3,716,732 shares.
- The sale follows several additional insider transactions, including more than 300,000 shares sold by Schlachet in August at prices around $42 per share.
- Global-e shares opened at $38.29, while analysts maintain a “Moderate Buy” consensus with an average price target of $47.69. The company reported quarterly revenue of $299 million and EPS of $0.37.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 8,332 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $37.23, for a total value of $310,200.36. Following the completion of the transaction, the president owned 4,407,371 shares in the company, valued at approximately $164,086,422.33. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nir Debbi also recently made the following trade(s):
- On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.11, for a total value of $584,884.02.
- On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The shares were sold at an average price of $39.02, for a total value of $5,853.00.
- On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total value 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 stock was 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.
Global-e Online Stock Down 1.3%
Global-e Online stock opened at $38.29 on Friday. The business has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $34.51. The company has a market cap of $6.50 billion, a P/E ratio of 44.52 and a beta of 1.00. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99.
Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Research analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Institutional Investors Weigh In On Global-e Online
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLBE. Royal Bank of Canada lifted its holdings in Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock valued at $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $1,948,000 after purchasing an additional 8,239 shares during the period. Geneos Wealth Management Inc. raised its position 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 valued at $47,000 after purchasing an additional 528 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Global-e Online during the 2nd quarter valued at $5,428,000. Finally, Brown Advisory Inc. purchased a new position in shares of Global-e Online during the 2nd quarter valued at $726,000. 94.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on GLBE shares. BMO Capital Markets increased their price target on shares of Global-e Online from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Raymond James Financial restated an "outperform" rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Weiss Ratings raised Global-e Online from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Global-e Online in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.69.
View Our Latest Research Report on Global-e Online
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.
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