Global-e Online (NASDAQ:GLBE) CEO Sells $978,460.86 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $39.14, for a total transaction of $978,460.86. Following the sale, the chief executive officer directly owned 3,666,734 shares of the company’s stock, valued at $143,515,968.76. This represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction 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 transaction 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 transaction of $955,961.76.
• 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 stock was 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.

Global-e Online Trading Up 0.7%

GLBE stock opened at $38.96 on Thursday. The firm has a market cap of $6.61 billion, a PE ratio of 45.30 and a beta of 0.98. The stock has a 50-day moving average price of $39.55 and a 200-day moving average price of $35.22. 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 earnings results 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, analysts forecast that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLBE. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley increased their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.69.

Hedge Funds Weigh In On Global-e Online

A number of large investors have recently modified their holdings of GLBE. MCF Advisors LLC increased its stake in Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares in the last quarter. Seelaus Asset Management LLC bought a new position in shares of Global-e Online in the first quarter valued at $231,000. Lombard Odier Asset Management USA Corp bought a new position in shares of Global-e Online in the first quarter valued at $239,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after buying an additional 631 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Global-e Online during the fourth quarter valued at about $1,062,000. 94.60% of the stock is currently owned by institutional investors.

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.