Key Points
- Global-e Online President Nir Debbi sold 14,582 shares at an average price of $39.81, generating approximately $580,509. After the transaction, he retained 4.36 million shares valued at about $173.5 million.
- GLBE shares opened at $39.71, with a market capitalization of $6.74 billion and a P/E ratio of 46.17. The company recently reported quarterly revenue of $299 million and earnings of $0.37 per share.
- Wall Street remains broadly positive, with 13 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $48.00.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 14,582 shares of Global-e Online stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $39.81, for a total transaction of $580,509.42. Following the sale, the president owned 4,357,375 shares of the company's stock, valued at $173,467,098.75. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Nir Debbi also recently made the following trade(s):
- On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.18, for a total transaction of $585,904.76.
- On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $36.89, for a total transaction of $307,367.48.
- On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were 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 stock was 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.
Global-e Online Stock Performance
Shares of GLBE opened at $39.71 on Tuesday. The stock has a 50-day moving average of $39.33 and a two-hundred day moving average of $35.70. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $43.99. The stock has a market cap of $6.74 billion, a P/E ratio of 46.17 and a beta of 0.98.
Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The business had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Global-e Online
Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in shares of Global-e Online in the first quarter worth about $1,144,000. Keenan Capital LLC raised its position in Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company's stock valued at $67,906,000 after acquiring an additional 90,000 shares in the last quarter. Wasatch Advisors LP raised its position in Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock valued at $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Handelsbanken Fonder AB raised its position in Global-e Online by 38.0% during the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company's stock valued at $6,077,000 after acquiring an additional 48,145 shares in the last quarter. Finally, Summit Creek Advisors LLC acquired a new position in Global-e Online in the second quarter valued at approximately $5,974,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. 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, August 4th. Piper Sandler reiterated an "overweight" rating and issued a $48.00 price target on shares of Global-e Online in a report on Tuesday, August 11th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the stock a "buy" rating in a report on Thursday, August 13th. Benchmark reissued a "buy" rating on shares of Global-e Online in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Global-e Online in a research note on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.00.
Check Out Our Latest Report on GLBE
About Global-e Online
(
Get Free Report)
Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.
The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.
Founded in 2013, Global-e serves merchants and shoppers across international markets.
Featured Articles
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].
