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

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 value of $955,961.76. Following the sale, the chief executive officer directly owned 3,716,732 shares of the company’s stock, valued at $142,127,831.68. This represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 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.
• 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 Trading Down 1.3%

GLBE opened at $38.29 on Friday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99. The company has a market cap of $6.50 billion, a P/E ratio of 44.52 and a beta of 1.00. The company has a fifty day moving average price of $38.77 and a two-hundred day moving average price of $34.51.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The company 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, research analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GLBE has been the topic of several recent research reports. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Morgan Stanley increased their target price on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and a consensus price target of $47.69.

Institutional Trading of Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of GLBE. IFP Advisors Inc boosted its position in Global-e Online by 73.3% in 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 during the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 during the last quarter. California State Teachers Retirement System increased its position in shares of Global-e Online by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock valued at $4,564,000 after purchasing an additional 533 shares during the last quarter. Main Management ETF Advisors LLC raised its stake in shares of Global-e Online by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock worth $2,062,000 after purchasing an additional 536 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Global-e Online by 8.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after purchasing an additional 631 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

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.