Amir Schlachet Sells 100,000 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 100,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $42.10, for a total transaction of $4,210,000.00. Following the completion of the transaction, the chief executive officer owned 3,848,286 shares in the company, valued at approximately $162,012,840.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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 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 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 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 stock was 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 stock was sold at an average price of $36.21, for a total value of $2,112,165.51.
• On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $37.09, for a total value 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 value of $536,311.88.
• 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.

Global-e Online Price Performance

GLBE opened at $41.31 on Wednesday. The business has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $34.04. 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 capitalization of $7.01 billion, a PE ratio of 48.04 and a beta of 1.03.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Equities analysts anticipate that Global-e Online Ltd. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLBE. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Morgan Stanley lifted their price objective on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets increased their target price on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.23.

Institutional Investors Weigh In On Global-e Online

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Global-e Online during the second quarter valued at $1,582,000. Summit Creek Advisors LLC bought a new position in Global-e Online in the second quarter worth approximately $5,974,000. Annex Advisory Services LLC grew its stake in Global-e Online by 37.8% in the second quarter. Annex Advisory Services LLC now owns 88,076 shares of the company’s stock valued at $3,059,000 after acquiring an additional 24,179 shares during the period. Wasatch Advisors LP grew its stake in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Global-e Online by 38.0% during the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock valued at $6,077,000 after acquiring an additional 48,145 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

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.