Global-e Online (NASDAQ:GLBE) CEO Sells $3,449,818.80 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 81,556 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.30, for a total value of $3,449,818.80. Following the transaction, the chief executive officer directly owned 3,766,730 shares in the company, valued at approximately $159,332,679. This represents a 2.12% decrease in their position. The sale 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 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 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 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 shares were sold at an average price of $42.20, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $279,822.14.

Global-e Online Price Performance

Global-e Online stock opened at $41.24 on Thursday. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm has a fifty day moving average price of $37.35 and a two-hundred day moving average price of $34.07. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 47.95 and a beta of 1.03.

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. The company had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. As a group, sell-side analysts expect that Global-e Online Ltd. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial lifted their price target on Global-e Online from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Citigroup reissued a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a report on Tuesday, August 11th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.23.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Global-e Online by 87.4% in the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after buying 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 period. Geneos Wealth Management Inc. raised its stake in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Global-e Online during the second quarter worth $5,428,000. Finally, Brown Advisory Inc. bought a new position in shares of Global-e Online during the second quarter valued at $726,000. 94.60% of the stock is 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.