Global-e Online (NASDAQ:GLBE) Stock: Insider Amir Schlachet Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $41.39, for a total transaction of $1,034,708.61. Following the completion of the sale, the chief executive officer owned 3,616,736 shares in the company, valued at approximately $149,696,703.04. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $39.04, for a total transaction of $975,960.96.
• On Friday, October 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.14, for a total transaction of $978,460.86.
• On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The stock was sold at an average price of $37.38, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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.

Global-e Online Price Performance

Shares of GLBE opened at $43.33 on Friday. The company has a 50-day simple moving average of $39.74 and a two-hundred day simple moving average of $35.80. The firm has a market capitalization of $7.35 billion, a PE ratio of 50.38 and a beta of 1.10. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. The firm had revenue of $299.00 million for the quarter. Analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLBE. Empowered Funds LLC purchased a new position in Global-e Online during the first quarter valued at $1,144,000. Keenan Capital LLC increased its position in Global-e Online by 4.8% in the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after buying an additional 90,000 shares in the last quarter. Wasatch Advisors LP increased its position 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 buying an additional 1,816,606 shares in the last quarter. Handelsbanken Fonder AB increased its position in Global-e Online by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock worth $6,077,000 after buying an additional 48,145 shares in the last quarter. Finally, Summit Creek Advisors LLC bought a new position in shares of Global-e Online in the second quarter worth about $5,974,000. 94.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GLBE shares. BMO Capital Markets upped their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Morgan Stanley boosted their target price on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Global-e Online in a research report on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.08.

About Global-e Online

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.