Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $955,961.76 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $38.24, for a total transaction of $955,961.76. Following the sale, the chief executive officer directly owned 3,716,732 shares in the company, valued at $142,127,831.68. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 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 stock was 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 shares were 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 shares were sold at an average price of $42.09, for a total value of $55,053.72.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The stock was sold at an average price of $36.21, for a total value of $2,112,165.51.
• On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $37.09, for a total value of $927,212.91.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $32.18, for a total value of $536,311.88.

Global-e Online Price Performance

Shares of GLBE opened at $38.37 on Friday. The company has a market cap of $6.51 billion, a P/E ratio of 44.62 and a beta of 1.00. The stock has a fifty day moving average price of $38.81 and a 200 day moving average price of $34.54. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GLBE. UBS Group set a $54.00 target price on shares of Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Finally, BMO Capital Markets raised their target price on Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold 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 $47.69.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently bought and sold shares of GLBE. Legal & General Group Plc lifted its stake in shares of Global-e Online by 105.3% in the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after acquiring an additional 296,466 shares during the period. Vitruvian Partners LLP increased its stake in shares of Global-e Online by 21.9% during the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after acquiring an additional 37,767 shares during the period. Empowered Funds LLC bought a new stake in Global-e Online during the first quarter worth approximately $1,144,000. Handelsbanken Fonder AB lifted its position in Global-e Online by 51.7% in the fourth quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after purchasing an additional 38,869 shares during the period. Finally, Wasatch Advisors LP lifted 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 purchasing an additional 1,816,606 shares during the period. 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.