Global-e Online (NASDAQ:GLBE) CEO Sells $279,822.14 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 8,333 shares of Global-e Online stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $33.58, for a total value of $279,822.14. Following the completion of the transaction, the chief executive officer owned 4,233,390 shares in the company, valued at approximately $142,157,236.20. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was 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 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 Price Performance

NASDAQ GLBE opened at $33.30 on Wednesday. The stock has a market capitalization of $5.65 billion, a PE ratio of 51.23 and a beta of 1.16. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The business’s 50-day moving average is $30.90 and its 200 day moving average is $34.87.

Global-e Online (NASDAQ:GLBE) last posted 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 company had revenue of $252.09 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. As a group, equities research analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLBE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and an average price target of $43.92.

Institutional Trading of Global-e Online

Several large investors have recently bought and sold shares of GLBE. IFP Advisors Inc boosted its position in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online during the 4th quarter valued at approximately $39,000. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted 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 valued at $72,000 after acquiring an additional 1,376 shares in the last quarter. 94.60% of the stock is owned by 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.