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 the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $41.39, for a total value of $1,034,708.61. Following the transaction, the chief executive officer directly owned 3,616,736 shares in the company, valued at approximately $149,696,703.04. This represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, October 16th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.04, for a total value of $975,960.96.
• 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 stock was 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 shares were 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $42.20, for a total value of $4,220,000.00.

Global-e Online Trading Up 8.1%

Global-e Online stock opened at $44.93 on Thursday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $45.01. The company has a market cap of $7.63 billion, a PE ratio of 52.24 and a beta of 1.10. The company’s 50-day moving average is $39.65 and its two-hundred day moving average is $35.77.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Research analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current year.

Institutional Trading of Global-e Online

A number of hedge funds have recently modified their holdings of GLBE. Wasatch Advisors LP raised its holdings 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 worth $287,397,000 after purchasing an additional 1,816,606 shares during the period. Wellington Management Group LLP boosted its position in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Global-e Online by 4.0% during the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after purchasing an additional 91,384 shares in the last quarter. Spyglass Capital Management LLC grew its holdings in shares of Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after buying an additional 20,610 shares during the period. Finally, Keenan Capital LLC grew its holdings in shares of Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after buying an additional 90,000 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Global-e Online in a report on Tuesday, September 1st. Piper Sandler reissued an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research note on Tuesday, August 11th. Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.08.

Global-e Online Company Profile

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.