Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 14,582 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $43.22, for a total value of $630,234.04. Following the transaction, the president directly owned 4,342,793 shares in the company, valued at approximately $187,695,513.46. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nir Debbi also recently made the following trade(s):
- On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $39.81, for a total value of $580,509.42.
- On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total value of $585,904.76.
- 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 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.
Global-e Online Stock Up 8.1%
NASDAQ:GLBE opened at $44.93 on Thursday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $45.01. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 52.24 and a beta of 1.10. The company's 50 day moving average is $39.65 and its 200-day moving average is $35.77.
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 business 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%. Research analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GLBE has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Global-e Online from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Zacks Research downgraded Global-e Online from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Morgan Stanley lifted their price objective on Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Finally, Raymond James Financial reissued an "outperform" rating and set a $48.00 price objective on shares of Global-e Online in a research report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Global-e Online has an average rating of "Moderate Buy" and an average price target of $48.08.
Check Out Our Latest Analysis on Global-e Online
Hedge Funds Weigh In On Global-e Online
Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Global-e Online by 232.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company's stock valued at $4,517,000 after purchasing an additional 78,584 shares during the period. Calamos Advisors LLC acquired a new stake in Global-e Online in the 3rd quarter worth $709,000. Associated Banc Corp bought a new position in shares of Global-e Online during the 3rd quarter worth about $309,000. State of Wyoming increased its holdings in shares of Global-e Online by 70.1% during the 3rd quarter. State of Wyoming now owns 20,086 shares of the company's stock worth $798,000 after purchasing an additional 8,279 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Global-e Online by 58.5% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company's stock worth $38,000 after purchasing an additional 354 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Global-e Online Company Profile
(
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.
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