Amir Schlachet Sells 16,814 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,814 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $42.41, for a total transaction of $713,081.74. Following the sale, the chief executive officer directly owned 3,948,286 shares in the company, valued at approximately $167,446,809.26. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction of $4,220,000.00.
• On Wednesday, August 5th, Amir Schlachet sold 1,308 shares of Global-e Online stock. The stock was sold at an average price of $42.09, for a total transaction of $55,053.72.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total transaction of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51.
• On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $37.09, for a total transaction of $927,212.91.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total value of $536,311.88.
• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total value of $279,822.14.
• 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.

Global-e Online Price Performance

Shares of GLBE stock opened at $42.36 on Friday. The company has a market cap of $7.19 billion, a PE ratio of 49.26 and a beta of 1.03. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The stock’s 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $34.02.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The firm had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Equities research analysts expect that Global-e Online Ltd. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on GLBE shares. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. UBS Group set a $54.00 target price on shares of Global-e Online and gave the stock a “buy” rating in a report on Thursday. Truist Financial lifted their price target on shares of Global-e Online from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Loop Capital set a $49.00 price target on shares of Global-e Online in a research note on Wednesday. Finally, Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a report on Thursday. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.23.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after buying an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the period. Geneos Wealth Management Inc. grew its stake in 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. Arrowstreet Capital Limited Partnership bought a new position in Global-e Online in the 2nd quarter worth about $5,428,000. Finally, Brown Advisory Inc. purchased a new position in shares of Global-e Online during the second quarter worth approximately $726,000. 94.60% of the stock is currently owned by institutional investors.

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.