Insider Selling: 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 transaction of $279,822.14. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $574,143.70.

Global-e Online Stock Performance

Shares of GLBE stock opened at $32.13 on Friday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 49.43 and a beta of 1.16. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The firm’s 50-day simple moving average is $30.94 and its two-hundred day simple moving average is $34.78.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts forecast that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GLBE. Morgan Stanley lowered their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Finally, UBS Group lowered their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

Hedge Funds Weigh In On Global-e Online

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Global-e Online by 73.3% during the third 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 purchased a new position in Global-e Online during the fourth quarter valued at approximately $39,000. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% during the first 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 grew its stake in Global-e Online by 780.7% during the second 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 grew its stake in Global-e Online by 237.7% during the third 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. Hedge funds and other institutional investors own 94.60% of the company’s stock.

About Global-e Online

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.