Key Points
- CEO Amir Schlachet sold 24,999 Global-e Online shares at an average price of $39.14, generating approximately $978,461. After the sale, he retained 3.67 million shares valued at about $143.5 million.
- The transaction is part of a series of recent insider sales by Schlachet, including more than 100,000 shares sold in August and additional sales in September.
- Global-e Online shares opened at $39.76, with the company valued at approximately $6.75 billion. Analysts maintain a “Moderate Buy” consensus and an average price target of $47.69, while institutional investors own 94.6% of the stock.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 14,582 shares of the business's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $40.18, for a total value of $585,904.76. Following the transaction, the president owned 4,371,957 shares of the company's stock, valued at approximately $175,665,232.26. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Nir Debbi also recently made the following trade(s):
- On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $36.89, for a total value of $307,367.48.
- 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 stock was 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 transaction 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 transaction of $584,884.02.
- 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.
Global-e Online Price Performance
GLBE stock opened at $39.76 on Tuesday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99. The firm's 50-day moving average is $39.58 and its 200 day moving average is $35.15. The company has a market capitalization of $6.75 billion, a PE ratio of 46.23 and a beta of 0.98.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Sell-side analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in GLBE. MCF Advisors LLC boosted its position in Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company's stock valued at $50,000 after purchasing an additional 552 shares in the last quarter. Seelaus Asset Management LLC bought a new position in Global-e Online in the first quarter worth about $231,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Global-e Online during the first quarter valued at about $239,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Global-e Online by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company's stock valued at $286,000 after buying an additional 631 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Global-e Online in the 4th quarter worth approximately $1,062,000. 94.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
GLBE has been the subject of a number of research reports. Weiss Ratings upgraded Global-e Online from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. Zacks Research upgraded Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 25th. UBS Group set a $54.00 target price on Global-e Online and gave the company a "buy" rating in a research report on Thursday, August 13th. Benchmark reiterated a "buy" rating on shares of Global-e Online in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Global-e Online in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.69.
Get Our Latest Report on GLBE
Global-e Online Company Profile
(
Get Free Report)
Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.
The company's services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
