Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $713,081.74 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,814 shares of Global-e Online stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $42.41, for a total transaction of $713,081.74. Following the completion of the sale, the chief executive officer owned 3,948,286 shares of the company’s stock, valued at $167,446,809.26. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $32.18, for a total value of $536,311.88.
• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was 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.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $42.36 on Friday. The firm has a market capitalization of $7.19 billion, a PE ratio of 49.26 and a beta of 1.03. The firm’s 50-day moving average is $36.82 and its two-hundred day moving average is $34.02. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (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. Analysts expect that Global-e Online Ltd. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler restated an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 target price on shares of Global-e Online in a report on Wednesday. Finally, Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Global-e Online has a consensus rating of “Moderate Buy” and an average target price of $47.23.

Institutional Trading of Global-e Online

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock worth $2,684,000 after acquiring an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after purchasing an additional 8,239 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Global-e Online during the 2nd quarter worth $5,428,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Global-e Online during the 2nd quarter worth $726,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

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.