Global-e Online (NASDAQ:GLBE) President Sells $307,367.48 in Stock

Key Points

  • COO Shahar Tamari sold 24,999 Global-e Online shares at an average price of $38.03, generating approximately $950,712. He retained 3.81 million shares valued at about $144.8 million.
  • Global-e Online shares opened at $41.55, up 4.7%, with a $7.05 billion market capitalization. The company reported quarterly revenue of $299 million and EPS of $0.37.
  • Wall Street maintains a “Moderate Buy” consensus rating, with an average price target of $47.69; institutional investors own approximately 94.6% of the company.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 8,332 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $36.89, for a total transaction of $307,367.48. Following the completion of the sale, the president directly owned 4,398,811 shares in the company, valued at approximately $162,272,137.79. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nir Debbi also recently made the following trade(s):

  • On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The stock was sold at an average price of $39.56, for a total value of $485,480.32.
  • On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The shares were sold at an average price of $39.21, for a total value of $8,939.88.
  • On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $37.23, for a total value of $310,200.36.
  • 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 transaction of $298,452.24.
  • On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The stock was sold at an average price of $34.66, for a total transaction 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 transaction of $234,397.80.

Global-e Online Stock Up 4.7%




GLBE stock opened at $41.55 on Wednesday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 48.31 and a beta of 1.00. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99. The company's fifty day simple moving average is $39.01 and its 200 day simple moving average is $34.82.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The firm had revenue of $299.00 million during the quarter. Research analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its holdings in Global-e Online by 105.3% during the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company's stock worth $22,727,000 after buying an additional 296,466 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Global-e Online during the first quarter valued at about $1,144,000. Wasatch Advisors LP increased its position in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock worth $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Global-e Online by 38.0% during the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company's stock worth $6,077,000 after acquiring an additional 48,145 shares in the last quarter. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Global-e Online in the 2nd quarter worth about $5,974,000. Institutional investors own 94.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Benchmark reissued a "buy" rating on shares of Global-e Online in a research note on Thursday, August 13th. The Goldman Sachs Group reiterated a "buy" rating on shares of Global-e Online in a research note on Wednesday, August 12th. UBS Group set a $54.00 target price on shares of Global-e Online and gave the company a "buy" rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a "buy" rating and set a $48.00 target price on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Global-e Online in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.69.

View Our Latest Research Report on GLBE

Key Headlines Impacting Global-e Online

Here are the key news stories impacting Global-e Online this week:

  • Neutral Sentiment: Senior executives collectively sold 82,802 shares for approximately $3.15 million between September 16 and 21. However, the sellers continue to hold substantial positions, limiting the significance of the transactions as a standalone signal.
  • Negative Sentiment: CEO Amir Schlachet sold 24,999 shares across two transactions, while President Nir Debbi sold 20,604 shares across two transactions. CFO Ofer Koren sold 12,200 shares, and COO Shahar Tamari sold 24,999 shares. The transactions reduced their holdings by roughly 0.19% to 7.38%, potentially weighing on sentiment because multiple top executives sold shares around the same period. SEC insider transaction filing
  • Negative Sentiment: The insider sales occurred as GLBE traded in the upper portion of its recent range, with reported sale prices of approximately $36.89 to $39.56. Investors may interpret the timing as a modest near-term confidence concern, although the filings provide no stated rationale for the sales. SEC insider transaction filing

Global-e Online Company Profile

(Get Free Report)

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company's services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.

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