Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $4,210,000.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 100,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $42.10, for a total value of $4,210,000.00. Following the transaction, the chief executive officer owned 3,848,286 shares of the company’s stock, valued at $162,012,840.60. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Amir Schlachet also recently made the following trade(s):

• On Friday, August 14th, Amir Schlachet sold 81,556 shares of Global-e Online stock. The shares were sold at an average price of $42.30, for a total value of $3,449,818.80.
• On Wednesday, August 12th, Amir Schlachet sold 16,814 shares of Global-e Online stock. The shares were sold at an average price of $42.41, for a total transaction of $713,081.74.
• On Monday, August 10th, Amir Schlachet sold 322 shares of Global-e Online stock. The shares were sold at an average price of $42.07, for a total transaction of $13,546.54.
• On Friday, August 7th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.20, for a total transaction of $4,220,000.00.
• On Wednesday, August 5th, Amir Schlachet sold 1,308 shares of Global-e Online stock. The stock was sold at an average price of $42.09, for a total transaction of $55,053.72.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.23, for a total transaction of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51.
• On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $37.09, for a total transaction of $927,212.91.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total transaction of $536,311.88.
• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $33.58, for a total transaction of $279,822.14.

Global-e Online Price Performance

Shares of GLBE stock opened at $41.24 on Thursday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 47.95 and a beta of 1.03. The company’s fifty day simple moving average is $37.35 and its two-hundred day simple moving average is $34.07. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The company had revenue of $299.00 million during the quarter. Equities research analysts anticipate that Global-e Online Ltd. will post 1.13 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GLBE shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Global-e Online in a report on Tuesday, August 11th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Global-e Online in a research note on Thursday, August 13th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Citigroup reiterated a “market outperform” rating 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, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.23.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently modified their holdings of GLBE. Legal & General Group Plc grew its position in Global-e Online by 105.3% during the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after acquiring an additional 296,466 shares during the last quarter. Vitruvian Partners LLP raised its stake in shares of Global-e Online by 21.9% during the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after acquiring an additional 37,767 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Global-e Online during the first quarter valued at approximately $1,144,000. Handelsbanken Fonder AB lifted its position in shares of Global-e Online by 51.7% in the 4th quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after purchasing an additional 38,869 shares during the period. Finally, Wasatch Advisors LP lifted its holdings in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after buying an additional 1,816,606 shares during the period. 94.60% of the stock is currently owned by 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.