Key Points
- Global-e President Nir Debbi sold 100,000 shares for $4.459 million at an average price of $44.59 on November 4, reducing his position by 2.3%.
- After the sale, Debbi still held 4,242,793 shares, valued at approximately $189.2 million; the article also reports additional recent share sales by him.
- Analyst sentiment remained broadly positive: 13 analysts rated GLBE Buy and three Hold, with a consensus price target of $48.08.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 271 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $45.04, for a total transaction of $12,205.84. Following the completion of the transaction, the chief operating officer owned 3,728,465 shares in the company, valued at $167,930,063.60. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, November 4th, Shahar Tamari sold 27,957 shares of Global-e Online stock. The shares were sold at an average price of $44.48, for a total transaction of $1,243,527.36.
- On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.54, for a total transaction of $988,460.46.
- On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.87, for a total transaction of $996,710.13.
- On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.03, for a total transaction of $950,711.97.
- On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.41, for a total value of $960,211.59.
- On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.63, for a total value of $1,040,708.37.
Global-e Online Stock Down 0.8%
Shares of Global-e Online stock traded down $0.36 during trading on Friday, reaching $42.97. 895,483 shares of the company were exchanged, compared to its average volume of 1,321,050. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $45.28. The business has a 50-day moving average price of $39.81 and a 200-day moving average price of $35.84. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 49.97 and a beta of 1.10.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. The business had revenue of $299.00 million during the quarter. On average, equities research analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Key Stories Impacting Global-e Online
Here are the key news stories impacting Global-e Online this week:
- Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
- Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President's trades SEC filing for COO's trades
Hedge Funds Weigh In On Global-e Online
Several institutional investors have recently modified their holdings of GLBE. Wasatch Advisors LP grew its position in shares of Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the period. Wellington Management Group LLP raised its holdings in Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company's stock worth $72,968,000 after buying an additional 2,037,962 shares during the period. Janus Henderson Group PLC raised its holdings in Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company's stock worth $72,833,000 after buying an additional 91,384 shares during the period. Spyglass Capital Management LLC raised its holdings in Global-e Online by 1.1% during the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company's stock worth $68,015,000 after buying an additional 20,610 shares during the period. Finally, Keenan Capital LLC lifted its stake in Global-e Online by 4.8% in the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company's stock valued at $67,906,000 after buying an additional 90,000 shares in the last quarter. Institutional investors own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
GLBE has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Global-e Online from $44.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $48.00 target price on shares of Global-e Online in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Global-e Online from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Needham & Company LLC reissued a "buy" rating and set a $47.00 price target on shares of Global-e Online in a research report on Tuesday, September 1st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.08.
View Our Latest Stock Analysis 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.
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