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

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $38.24, for a total transaction of $955,961.76. Following the completion of the transaction, the chief executive officer owned 3,716,732 shares in the company, valued at approximately $142,127,831.68. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 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 shares were sold at an average price of $42.07, for a total value 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 value 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 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 stock was 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.

Global-e Online Stock Up 0.2%

Shares of NASDAQ:GLBE opened at $38.37 on Friday. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99. The company’s 50 day moving average price is $38.81 and its two-hundred day moving average price is $34.54. The firm has a market cap of $6.51 billion, a PE ratio of 44.62 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on GLBE shares. Truist Financial increased their target price on Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.69.

Institutional Trading of Global-e Online

A number of institutional investors and hedge funds have recently bought and sold shares of GLBE. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online during the 4th quarter worth about $39,000. IFP Advisors Inc increased its stake in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Global-e Online in the fourth quarter valued at approximately $72,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.