Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $536,311.88 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $32.18, for a total value of $536,311.88. Following the completion of the transaction, the chief executive officer owned 4,200,058 shares of the company’s stock, valued at approximately $135,157,866.44. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total value of $279,822.14.
• On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total value of $555,644.44.
• On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $29.00, for a total value of $241,657.00.
• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The stock was sold at an average price of $32.45, for a total value of $200,995.30.
• On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The shares were sold at an average price of $31.27, for a total value of $31,957.94.
• On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The shares were sold at an average price of $31.68, for a total transaction of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total transaction of $560,810.90.
• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total transaction of $143,345.88.
• On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total transaction of $129,072.26.
• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $30.94, for a total transaction of $257,823.02.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $32.84 on Friday. The company’s 50-day moving average price is $31.32 and its 200 day moving average price is $34.42. The company has a market cap of $5.57 billion, a PE ratio of 50.52 and a beta of 1.16. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. Global-e Online’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, equities analysts anticipate that Global-e Online Ltd. will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its stake in Global-e Online by 73.3% in the 3rd 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. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the fourth quarter valued at about $39,000. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing 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 buying an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

GLBE has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Truist Financial upgraded shares of Global-e Online from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $39.00 in a research note on Wednesday, June 10th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.33.

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.