Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $584,884.02 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 14,582 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $40.11, for a total transaction of $584,884.02. Following the transaction, the president directly owned 4,430,285 shares of the company’s stock, valued at approximately $177,698,731.35. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 shares were 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.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total value of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total transaction of $69,113.03.

Global-e Online Stock Performance

Global-e Online stock traded up $1.09 during mid-day trading on Tuesday, hitting $41.29. 151,789 shares of the company traded hands, compared to its average volume of 1,566,922. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 63.41 and a beta of 1.03. The stock has a fifty day moving average price of $35.02 and a 200-day moving average price of $33.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GLBE shares. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. BMO Capital Markets boosted their target price on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.83.

Hedge Funds Weigh In On Global-e Online

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after purchasing an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Global-e Online during the 2nd quarter valued at $5,428,000. Finally, Brown Advisory Inc. bought a new stake in Global-e Online in the 2nd quarter worth $726,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.