Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells 8,333 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 8,333 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $29.00, for a total transaction of $241,657.00. Following the completion of the sale, the chief executive officer directly owned 4,241,723 shares of the company’s stock, valued at approximately $123,009,967. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 $29.99 on Thursday. The firm’s 50 day moving average price is $31.51 and its 200-day moving average price is $35.19. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The firm has a market cap of $5.09 billion, a P/E ratio of 46.14 and a beta of 1.18.

Global-e Online (NASDAQ:GLBE) last issued 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. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. During the same period in the prior year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, research analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

GLBE has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Truist Financial decreased their price objective on shares of Global-e Online from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, April 24th. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online currently has an average rating of “Moderate Buy” and an average target price of $44.17.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds have recently added to or reduced their stakes in GLBE. IFP Advisors Inc lifted its holdings in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online during the 4th quarter worth approximately $39,000. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after buying an additional 1,376 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.