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 Global-e Online stock in a transaction on Friday, October 16th. The stock was sold at an average price of $39.04, for a total value of $975,960.96. Following the sale, the chief executive officer directly owned 3,641,735 shares of the company’s stock, valued at approximately $142,173,334.40. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, October 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.14, for a total value of $978,460.86.
• On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The shares were 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 shares were 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 stock was 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 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 stock was 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 shares were 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 shares were sold at an average price of $42.09, for a total transaction of $55,053.72.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $41.78 on Wednesday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 48.58 and a beta of 0.98. The firm’s 50 day simple moving average is $39.34 and its 200 day simple moving average is $35.77. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data 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%. Equities research analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GLBE shares. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler restated an “overweight” rating and issued a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Weiss Ratings raised Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 13th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC lifted its position in Global-e Online by 62.4% in the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after acquiring an additional 552 shares in the last quarter. Seelaus Asset Management LLC acquired a new position in Global-e Online in the 1st quarter worth $231,000. Lombard Odier Asset Management USA Corp acquired a new position in Global-e Online in the 1st quarter worth $239,000. Hennion & Walsh Asset Management Inc. boosted its stake in 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 worth $286,000 after purchasing an additional 631 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Global-e Online by 5.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock worth $864,000 after purchasing an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.