Global-e Online (NASDAQ:GLBE) CEO Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $38.24, for a total transaction of $955,961.76. Following the completion of the sale, the chief executive officer directly owned 3,716,732 shares in the company, valued at $142,127,831.68. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.10, for a total transaction of $4,210,000.00.
• On Friday, August 14th, Amir Schlachet sold 81,556 shares of Global-e Online stock. The stock was sold at an average price of $42.30, for a total transaction 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 shares were 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 value of $55,053.72.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The stock was sold at an average price of $36.21, for a total value 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 value of $927,212.91.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $32.18, for a total value of $536,311.88.

Global-e Online Price Performance

GLBE stock traded down $0.62 during trading on Thursday, reaching $38.18. 616,188 shares of the stock traded hands, compared to its average volume of 1,551,072. The firm has a market capitalization of $6.48 billion, a PE ratio of 44.43 and a beta of 1.00. The business’s 50 day moving average price is $38.69 and its 200-day moving average price is $34.46. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99.

Global-e Online (NASDAQ:GLBE) 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 company had revenue of $299.00 million for the quarter. On average, equities research analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Trading of Global-e Online

Large investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online in the fourth quarter valued at $39,000. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Global-e Online during the 4th quarter worth $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GLBE. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Global-e Online in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. BMO Capital Markets raised their target price on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Finally, Loop Capital set a $49.00 price target on shares of Global-e Online in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.69.

Global-e Online Company Profile

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.