Key Points
Keenan Capital acquired 95,988 shares of Global-E Online in the fourth quarter; the estimated trade size was $3.56 million (derived from average closing prices in the quarter).
Meanwhile, the quarter-end position value increased by $10.05 million, reflecting share addition and price movement.
The firm's quarter-end stake totaled 1,865,262 shares valued at $73.32 million.
Global-E Online now accounts for 13.36% of fund AUM.
- 10 stocks we like better than Global-E Online ›
Keenan Capital disclosed a purchase of 95,988 shares of Global-E Online (NASDAQ:GLBE) in its February 13, 2026, SEC filing, with the estimated transaction value at $3.56 million based on quarterly average pricing.
What happened
According to a February 13, 2026, SEC filing, Keenan Capital, LLC increased its position in Global-E Online (NASDAQ:GLBE) by 95,988 shares during the fourth quarter of 2025. The estimated transaction value is approximately $3.56 million, based on the average closing price of the stock over the quarter. The quarter-end value of the stake rose by $10.05 million, reflecting both the additional shares and price changes.
What else to know
- This buy brought Global-E Online to 13.36% of Keenan Capital’s 13F reportable AUM.
- Top holdings after the filing:
- NASDAQ: APP: $119.08 million (21.7% of AUM)
- NYSE: CWAN: $88.30 million (16.1% of AUM)
- NASDAQ: GLBE: $73.32 million (13.4% of AUM)
- NASDAQ: WDAY: $68.57 million (12.5% of AUM)
- NYSE: GDDY: $67.63 million (12.3% of AUM)
- As of February 12, 2026, shares of Global-E Online were priced at $32.69, down 47.0% over the past year and underperforming the S&P 500 by 59.88 percentage points.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close 2/12/26) | $32.69 |
| Market capitalization | $5.51 billion |
| Revenue (TTM) | $888.45 million |
| Net income (TTM) | $7.33 million |
Company snapshot
- Global-E Online provides a technology platform for cross-border direct-to-consumer e-commerce, enabling merchants to sell internationally and shoppers to purchase from global brands.
- The company serves online retailers and brands targeting international consumers across Israel, the United Kingdom, the United States, and additional global markets.
Global-E Online operates at scale in the cross-border e-commerce sector, supporting over a thousand employees and serving a wide international merchant base. The company’s strategy centers on simplifying global online sales for brands by managing payments, compliance, and logistics, giving merchants access to customers worldwide. Its competitive advantage lies in its specialized platform that addresses the complexities of international e-commerce, positioning it as a key enabler for global retail expansion.
What this transaction means for investors
Allocating more than 13% of a portfolio to a stock that is down 47% over the past year signals conviction in execution rather than recent price action, and Global-E’s third-quarter numbers support that thesis. GMV climbed 33% to $1.51 billion, while revenue rose 25% to $220.8 million. Importantly, net profit turned positive at $13.2 million versus a $22.6 million loss a year earlier.
The company also raised full-year 2025 revenue guidance to as high as $960.1 million and expects adjusted EBITDA between $185.6 million and $200 million. That is not a business shrinking into irrelevance.
Within the broader portfolio, this holding sits alongside other high-growth software names like AppLovin and Workday, revealing somewhat of a pattern: concentrated exposure to scalable platforms with expanding margins.
For long-term investors, the question is whether cross-border commerce remains structurally underpenetrated. If GMV continues compounding and cash flow scales with it, today’s drawdown may look less like deterioration and more like dislocation.
Should you buy stock in Global-E Online right now?
Before you buy stock in Global-E Online, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Global-E Online wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $414,554!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,120,663!*
Now, it’s worth noting Stock Advisor’s total average return is 884% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of February 16, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Global-E Online and Workday. The Motley Fool recommends GoDaddy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
