Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 16,666 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,666 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $32.18, for a total value of $536,311.88. Following the sale, the chief executive officer directly owned 4,200,058 shares of the company’s stock, valued at $135,157,866.44. This represents a 0.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were 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 shares were 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 shares were sold at an average price of $29.00, for a total value of $241,657.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $257,823.02.

Global-e Online Stock Performance

GLBE opened at $31.98 on Thursday. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The company has a market capitalization of $5.43 billion, a P/E ratio of 49.20 and a beta of 1.16. The stock has a fifty day moving average of $31.24 and a 200-day moving average of $34.48.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The company’s revenue was up 32.8% on a year-over-year basis. On average, equities research analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLBE. Royal Bank of Canada raised its stake in Global-e Online by 87.4% in the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Global-e Online by 17.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after acquiring an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Global-e Online by 67.2% in 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 during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Global-e Online in the second quarter valued at about $5,428,000. Finally, Brown Advisory Inc. bought a new position in Global-e Online in the second quarter valued at about $726,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GLBE. Jefferies Financial Group reissued a “buy” rating and set a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Morgan Stanley dropped their target price on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. KeyCorp dropped their price target on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

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.