Spyglass Reduces Stake in Global-E Online
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: NASDAQ.COM
- Share Reduction Scale: Spyglass Capital Management reduced its holdings in Global-E Online by 745,544 shares during Q1 2026, with an estimated trade value of $26.22 million, indicating a waning confidence in the company.
- Decline in Position Value: This transaction resulted in a $45.70 million decrease in the quarter-end position value, highlighting the negative impact of market price fluctuations on its investment portfolio, with Global-E Online now comprising 4.5% of its U.S. equity AUM.
- Poor Market Performance: As of May 20, 2026, Global-E Online shares were priced at $30.04, down 8.3% over the past year, significantly underperforming the S&P 500 by 33 percentage points, indicating a lack of competitiveness in the market.
- Growth Potential and Risks: Despite its poor performance over the past year, Global-E Online's 40% GMV growth and 33% revenue increase suggest a strong business foundation; however, the threat of AI technology could impact its future development, necessitating cautious evaluation by investors.
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Analyst Views on GLBE
Wall Street analysts forecast GLBE stock price to rise
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 30.140
Low
41.00
Averages
47.75
High
52.00
Current: 30.140
Low
41.00
Averages
47.75
High
52.00
About GLBE
Global-E Online Ltd is an Israel-based company engaged primarily in the software development. The Company develops e-commerce platform known as Global-e, which enable direct-to-consumer cross-border e-commerce. Through its end-to-end solutions that combine localization capabilities, big-data business intelligence models, international logistics and cross-border experience, the Company's platform enables retailers and brands to improve international traffic conversion and sales as well as to achieve global online growth. The Company cooperates with software engineers as well as other specialists. The Company operates from seven offices worldwide and is the chosen partner of retailers and brands across the United States, Europe and Asia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Spyglass Capital Reduces Stake in Global-E Online by 745,544 Shares
- Share Reduction Details: Spyglass Capital Management disclosed a reduction of 745,544 shares in Global-E Online during Q1 2026, valued at approximately $26.22 million, indicating a potential loss of confidence in the stock, with the quarter-end position value declining by $45.70 million due to market price fluctuations.
- Position Percentage Change: Following this sale, Global-E Online now represents only 4.5% of Spyglass's reportable U.S. equity AUM, suggesting a strategic reassessment of their investment portfolio that could influence future investment decisions.
- Company Performance Overview: Despite the reduction, Global-E Online achieved a remarkable 40% growth in GMV and a 33% increase in revenue over the past year, demonstrating robust performance in the cross-border e-commerce sector while consistently delivering positive free cash flow and net income.
- Market Competition and Outlook: With its stock price rising only 2% over the last five years, Global-E Online's partnership with Shopify highlights its competitive edge in the international D2C platform space, and despite facing AI threats, the company's technology platform maintains a significant moat, making it a potentially worthwhile long-term investment.
See More
Spyglass Reduces Stake in Global-E Online
- Share Reduction Scale: Spyglass Capital Management reduced its holdings in Global-E Online by 745,544 shares during Q1 2026, with an estimated trade value of $26.22 million, indicating a waning confidence in the company.
- Decline in Position Value: This transaction resulted in a $45.70 million decrease in the quarter-end position value, highlighting the negative impact of market price fluctuations on its investment portfolio, with Global-E Online now comprising 4.5% of its U.S. equity AUM.
- Poor Market Performance: As of May 20, 2026, Global-E Online shares were priced at $30.04, down 8.3% over the past year, significantly underperforming the S&P 500 by 33 percentage points, indicating a lack of competitiveness in the market.
- Growth Potential and Risks: Despite its poor performance over the past year, Global-E Online's 40% GMV growth and 33% revenue increase suggest a strong business foundation; however, the threat of AI technology could impact its future development, necessitating cautious evaluation by investors.
See More
Analysis of Global-e Online's 30% Stock Drop
- Strong Business Growth: Despite a challenging retail environment, Global-e Online reported a 33% year-over-year revenue increase and a 40% rise in gross merchandise value (GMV) in Q1 2026, demonstrating robust demand for its cross-border e-commerce services and adaptability to market changes.
- Client Base Expansion: The company onboarded new clients each quarter, including Hong Kong's Shanghai Tang and swimwear brand Andie Swim, while also expanding LVMH's Fresh brand market, indicating its sustained appeal and market penetration in the high-end retail sector.
- Increasing Market Concerns: Despite strong performance, market worries about the impact of the Iran war on the company have intensified, with management noting that about 5% of GMV comes from affected countries; although trends are improving, uncertainty remains.
- Inflationary Pressures: The Consumer Price Index (CPI) rose 3.8% over the past 12 months, the highest in three years, with surging oil prices exacerbating market concerns about Global-e's stock, which trades at 50 times trailing earnings, increasing short-term volatility risks.
See More
Global-e Online Stock Down 30%: Is It Time to Buy?
- Strong Growth Context: Despite a challenging retail environment, Global-e achieved a 33% year-over-year revenue increase in Q1 2026, with a 40% rise in gross merchandise value (GMV), showcasing its robust competitive position in cross-border e-commerce that may attract long-term investor interest.
- Client Base Expansion: Global-e continues to attract high-end brand clients, including LVMH and Hugo Boss, and onboarded new clients like Shanghai Tang and Andie Swim in Q1, indicating strong market demand and potential for further market share expansion.
- Innovation-Driven Strategy: The company's launch of a duty drawback feature and its use of artificial intelligence to enhance capacity without increasing costs help it adapt to changing retail landscapes, strengthening its competitive advantage in the industry.
- Market Concerns and Valuation: Despite strong performance, market worries about the impact of the Iran war and a 3.8% increase in the Consumer Price Index (CPI) have led to its stock trading at 50 times trailing earnings, increasing short-term volatility risks, necessitating cautious evaluation by investors.
See More
Deepwater Asset Management Reduces Stake in Global-E Online
- Share Reduction Details: Deepwater Asset Management sold 247,864 shares of Global-E Online in Q1 2026, valued at $8.72 million, resulting in a $10.96 million decrease in the position's value due to trading and price fluctuations, highlighting the impact of market volatility on the portfolio.
- Portfolio Adjustment: Post-sale, Global-E Online still represents 2.82% of Deepwater's portfolio, with major holdings including Reddit ($8.85 million, 5.6%), Sterling Infrastructure ($8.43 million, 5.3%), indicating a strategy of diversification in investments.
- Market Performance Analysis: As of May 13, 2026, Global-E Online's share price stood at $27.54, down 35% year-over-year, with a one-year alpha of negative 62 percentage points compared to the S&P 500, reflecting the challenges faced by the company in a competitive market environment.
- Future Outlook: Despite AI threats, analysts believe Global-E Online's core value remains strong, particularly with the ongoing expansion of its partnership with Shopify, suggesting significant growth potential in the cross-border e-commerce sector, with future sales expected to continue rising.
See More
Global E Online Reports 33% Revenue Growth to $252 Million
- Revenue and GMV Growth: Global E Online (GLBE) reported a revenue of $252 million for Q1 2026, reflecting a 33% year-over-year increase, while GMV reached $1.74 billion, up 40%, indicating strong market performance and sustained customer demand.
- Profitability Improvement: The non-GAAP gross profit margin rose to 47%, an increase of 150 basis points from the previous year, with adjusted EBITDA reaching $50.2 million, up 59%, demonstrating significant progress in cost control and operational efficiency.
- Strategic Partnership Expansion: GLBE successfully launched new partnerships with prominent brands across North America, Europe, and APAC, further expanding its global market share and enhancing brand influence and competitive positioning.
- Optimistic Outlook: The company raised its full-year guidance for GMV, revenue, and adjusted EBITDA, expecting revenue to be between $1.22 billion and $1.28 billion, reflecting confidence in future performance despite a temporary decline in trading volumes in the Middle East.
See More
Spyglass Capital Reduces Stake in Global-E Online by 745,544 Shares
- Share Reduction Details: Spyglass Capital Management disclosed a reduction of 745,544 shares in Global-E Online during Q1 2026, valued at approximately $26.22 million, indicating a potential loss of confidence in the stock, with the quarter-end position value declining by $45.70 million due to market price fluctuations.
- Position Percentage Change: Following this sale, Global-E Online now represents only 4.5% of Spyglass's reportable U.S. equity AUM, suggesting a strategic reassessment of their investment portfolio that could influence future investment decisions.
- Company Performance Overview: Despite the reduction, Global-E Online achieved a remarkable 40% growth in GMV and a 33% increase in revenue over the past year, demonstrating robust performance in the cross-border e-commerce sector while consistently delivering positive free cash flow and net income.
- Market Competition and Outlook: With its stock price rising only 2% over the last five years, Global-E Online's partnership with Shopify highlights its competitive edge in the international D2C platform space, and despite facing AI threats, the company's technology platform maintains a significant moat, making it a potentially worthwhile long-term investment.
See More
Spyglass Reduces Stake in Global-E Online
- Share Reduction Scale: Spyglass Capital Management reduced its holdings in Global-E Online by 745,544 shares during Q1 2026, with an estimated trade value of $26.22 million, indicating a waning confidence in the company.
- Decline in Position Value: This transaction resulted in a $45.70 million decrease in the quarter-end position value, highlighting the negative impact of market price fluctuations on its investment portfolio, with Global-E Online now comprising 4.5% of its U.S. equity AUM.
- Poor Market Performance: As of May 20, 2026, Global-E Online shares were priced at $30.04, down 8.3% over the past year, significantly underperforming the S&P 500 by 33 percentage points, indicating a lack of competitiveness in the market.
- Growth Potential and Risks: Despite its poor performance over the past year, Global-E Online's 40% GMV growth and 33% revenue increase suggest a strong business foundation; however, the threat of AI technology could impact its future development, necessitating cautious evaluation by investors.
See More
Analysis of Global-e Online's 30% Stock Drop
- Strong Business Growth: Despite a challenging retail environment, Global-e Online reported a 33% year-over-year revenue increase and a 40% rise in gross merchandise value (GMV) in Q1 2026, demonstrating robust demand for its cross-border e-commerce services and adaptability to market changes.
- Client Base Expansion: The company onboarded new clients each quarter, including Hong Kong's Shanghai Tang and swimwear brand Andie Swim, while also expanding LVMH's Fresh brand market, indicating its sustained appeal and market penetration in the high-end retail sector.
- Increasing Market Concerns: Despite strong performance, market worries about the impact of the Iran war on the company have intensified, with management noting that about 5% of GMV comes from affected countries; although trends are improving, uncertainty remains.
- Inflationary Pressures: The Consumer Price Index (CPI) rose 3.8% over the past 12 months, the highest in three years, with surging oil prices exacerbating market concerns about Global-e's stock, which trades at 50 times trailing earnings, increasing short-term volatility risks.
See More
Global-e Online Stock Down 30%: Is It Time to Buy?
- Strong Growth Context: Despite a challenging retail environment, Global-e achieved a 33% year-over-year revenue increase in Q1 2026, with a 40% rise in gross merchandise value (GMV), showcasing its robust competitive position in cross-border e-commerce that may attract long-term investor interest.
- Client Base Expansion: Global-e continues to attract high-end brand clients, including LVMH and Hugo Boss, and onboarded new clients like Shanghai Tang and Andie Swim in Q1, indicating strong market demand and potential for further market share expansion.
- Innovation-Driven Strategy: The company's launch of a duty drawback feature and its use of artificial intelligence to enhance capacity without increasing costs help it adapt to changing retail landscapes, strengthening its competitive advantage in the industry.
- Market Concerns and Valuation: Despite strong performance, market worries about the impact of the Iran war and a 3.8% increase in the Consumer Price Index (CPI) have led to its stock trading at 50 times trailing earnings, increasing short-term volatility risks, necessitating cautious evaluation by investors.
See More
Deepwater Asset Management Reduces Stake in Global-E Online
- Share Reduction Details: Deepwater Asset Management sold 247,864 shares of Global-E Online in Q1 2026, valued at $8.72 million, resulting in a $10.96 million decrease in the position's value due to trading and price fluctuations, highlighting the impact of market volatility on the portfolio.
- Portfolio Adjustment: Post-sale, Global-E Online still represents 2.82% of Deepwater's portfolio, with major holdings including Reddit ($8.85 million, 5.6%), Sterling Infrastructure ($8.43 million, 5.3%), indicating a strategy of diversification in investments.
- Market Performance Analysis: As of May 13, 2026, Global-E Online's share price stood at $27.54, down 35% year-over-year, with a one-year alpha of negative 62 percentage points compared to the S&P 500, reflecting the challenges faced by the company in a competitive market environment.
- Future Outlook: Despite AI threats, analysts believe Global-E Online's core value remains strong, particularly with the ongoing expansion of its partnership with Shopify, suggesting significant growth potential in the cross-border e-commerce sector, with future sales expected to continue rising.
See More
Global E Online Reports 33% Revenue Growth to $252 Million
- Revenue and GMV Growth: Global E Online (GLBE) reported a revenue of $252 million for Q1 2026, reflecting a 33% year-over-year increase, while GMV reached $1.74 billion, up 40%, indicating strong market performance and sustained customer demand.
- Profitability Improvement: The non-GAAP gross profit margin rose to 47%, an increase of 150 basis points from the previous year, with adjusted EBITDA reaching $50.2 million, up 59%, demonstrating significant progress in cost control and operational efficiency.
- Strategic Partnership Expansion: GLBE successfully launched new partnerships with prominent brands across North America, Europe, and APAC, further expanding its global market share and enhancing brand influence and competitive positioning.
- Optimistic Outlook: The company raised its full-year guidance for GMV, revenue, and adjusted EBITDA, expecting revenue to be between $1.22 billion and $1.28 billion, reflecting confidence in future performance despite a temporary decline in trading volumes in the Middle East.
See More
