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

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $32.18, for a total transaction of $536,311.88. Following the completion of the sale, the chief executive officer directly owned 4,200,058 shares in the company, valued at approximately $135,157,866.44. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 transaction of $279,822.14.
• On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44.
• 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 transaction 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 transaction of $200,995.30.
• On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The shares were sold at an average price of $31.27, for a total transaction of $31,957.94.
• On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The shares were sold at an average price of $31.68, for a total transaction of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total transaction of $560,810.90.
• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction of $143,345.88.
• On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total transaction of $129,072.26.
• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $30.94, for a total transaction of $257,823.02.

Global-e Online Stock Up 2.1%

Shares of NASDAQ:GLBE opened at $32.28 on Wednesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 49.66 and a beta of 1.16. The firm’s 50-day simple moving average is $31.22 and its 200-day simple moving average is $34.54. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. During the same quarter last year, the business earned ($0.11) earnings per share. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, research analysts forecast that Global-e Online Ltd. will post 1.11 EPS for the current year.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently modified their holdings of GLBE. IFP Advisors Inc lifted its holdings in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online in the fourth quarter valued at about $39,000. Geneos Wealth Management Inc. lifted its holdings in shares of Global-e Online by 67.2% in the first 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after purchasing an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GLBE has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, UBS Group decreased their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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.