Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 16,666 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,666 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.34, for a total value of $555,644.44. Following the sale, the chief executive officer directly owned 4,216,724 shares in the company, valued at approximately $140,585,578.16. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were sold at an average price of $33.58, for a total value of $279,822.14.
• On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $31.68, for a total value of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.65, for a total value 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 value 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 value of $129,072.26.
• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $30.94, for a total value of $257,823.02.
• On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $34.45, for a total value of $574,143.70.

Global-e Online Stock Down 1.3%

Shares of NASDAQ:GLBE opened at $33.30 on Wednesday. The firm has a market cap of $5.65 billion, a P/E ratio of 51.23 and a beta of 1.16. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94. The business has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $34.87.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.Global-e Online’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period last year, the company earned ($0.11) EPS. As a group, equities research analysts expect that Global-e Online Ltd. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online in the 4th quarter worth about $39,000. IFP Advisors Inc raised its position in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online in the 4th quarter worth about $72,000. 94.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GLBE. Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Truist Financial lowered their target price on Global-e Online from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. BMO Capital Markets assumed coverage on Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price for the company. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.92.

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.