Amir Schlachet Sells 81,556 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 81,556 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.30, for a total value of $3,449,818.80. Following the completion of the transaction, the chief executive officer owned 3,766,730 shares of the company’s stock, valued at $159,332,679. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.10, for a total value of $4,210,000.00.
• 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 shares were 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 shares were 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 transaction 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 transaction of $279,822.14.

Global-e Online Stock Performance

NASDAQ GLBE opened at $41.31 on Wednesday. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 48.04 and a beta of 1.03. The firm’s 50 day moving average price is $37.18 and its two-hundred day moving average price is $34.04.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Global-e Online Ltd. will post 1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Global-e Online in a report on Tuesday, August 11th. Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Finally, BMO Capital Markets boosted their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.23.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLBE. IFP Advisors Inc increased its stake 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 worth $38,000 after purchasing an additional 448 shares during the period. 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. grew its holdings 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 valued at $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Global-e Online in the 4th quarter worth approximately $72,000. Institutional investors own 94.60% of the company’s stock.

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.