Global-e Online (NASDAQ:GLBE) Stock: Insider Amir Schlachet Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $39.14, for a total value of $978,460.86. Following the completion of the transaction, the chief executive officer directly owned 3,666,734 shares of the company’s stock, valued at approximately $143,515,968.76. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The stock was sold at an average price of $37.38, for a total value of $480,557.28.
• On Thursday, September 17th, Amir Schlachet sold 12,143 shares of Global-e Online stock. The stock was sold at an average price of $38.28, for a total value of $464,834.04.
• On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.24, for a total value of $955,961.76.
• On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The shares were sold at an average price of $42.10, for a total value of $4,210,000.00.
• 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 stock was sold at an average price of $42.41, for a total value of $713,081.74.
• On Monday, August 10th, Amir Schlachet sold 322 shares of Global-e Online stock. The stock was 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 shares were 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.

Global-e Online Stock Performance

Shares of GLBE stock opened at $38.70 on Wednesday. The firm has a fifty day moving average of $39.58 and a 200-day moving average of $35.18. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 45.00 and a beta of 0.98. 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 issued its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The business had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, sell-side analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLBE. MCF Advisors LLC lifted its position in Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after buying an additional 552 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Global-e Online by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after acquiring an additional 631 shares in the last quarter. Royal Bank of Canada increased its position in shares of Global-e Online by 2.8% in the first quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after acquiring an additional 996 shares during the last quarter. Sei Investments Co. increased its position in shares of Global-e Online by 0.3% in the first quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Global-e Online by 5.0% in the first quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock valued at $864,000 after acquiring an additional 1,321 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GLBE shares. Weiss Ratings upgraded Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. BMO Capital Markets boosted their price target on Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price target on shares of Global-e Online in a research report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.