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

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $39.04, for a total transaction of $975,960.96. Following the sale, the chief executive officer owned 3,641,735 shares of the company’s stock, valued at $142,173,334.40. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $978,460.86.
• On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The shares were sold at an average price of $37.38, for a total value 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 value of $464,834.04.
• On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.24, for a total value of $955,961.76.
• 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 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 value of $3,449,818.80.
• On Wednesday, August 12th, Amir Schlachet sold 16,814 shares of Global-e Online stock. The shares were 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 value 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 value 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 value of $55,053.72.

Global-e Online Stock Up 4.9%

Shares of GLBE traded up $1.96 during midday trading on Tuesday, reaching $41.67. 283,965 shares of the stock were exchanged, compared to its average volume of 1,531,121. The stock’s 50 day simple moving average is $39.33 and its 200 day simple moving average is $35.70. The company has a market cap of $7.07 billion, a P/E ratio of 48.28 and a beta of 0.98. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

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

Institutional Investors Weigh In On Global-e Online

A number of large investors have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in Global-e Online in the 1st quarter valued at about $1,144,000. Keenan Capital LLC raised its position in shares of Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after buying an additional 90,000 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after acquiring an additional 1,816,606 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Global-e Online by 38.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock worth $6,077,000 after acquiring an additional 48,145 shares during the period. Finally, Summit Creek Advisors LLC bought a new stake in shares of Global-e Online during the 2nd quarter worth approximately $5,974,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLBE shares. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 target price on shares of Global-e Online in a report on Thursday, August 13th. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Weiss Ratings upgraded Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 13th. BMO Capital Markets increased their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Finally, Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

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.