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

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $41.39, for a total transaction of $1,034,708.61. Following the completion of the sale, the chief executive officer owned 3,616,736 shares of the company’s stock, valued at $149,696,703.04. This trade represents a 0.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 16th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.04, for a total transaction of $975,960.96.
• 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 transaction of $978,460.86.
• On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The stock was sold at an average price of $37.38, for a total transaction of $480,557.28.
• On Thursday, September 17th, Amir Schlachet sold 12,143 shares of Global-e Online stock. The shares were sold at an average price of $38.28, for a total transaction of $464,834.04.
• On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.24, for a total transaction of $955,961.76.
• 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 value 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 value 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 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 value of $4,220,000.00.

Global-e Online Stock Up 6.2%

Shares of NASDAQ:GLBE traded up $2.58 during trading on Wednesday, reaching $44.16. 314,514 shares of the company traded hands, compared to its average volume of 1,524,911. The company’s 50 day moving average is $39.54 and its two-hundred day moving average is $35.74. The firm has a market capitalization of $7.50 billion, a PE ratio of 51.60 and a beta of 1.10. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $44.02.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 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 EPS for the current year.

Institutional Trading of Global-e Online

A number of hedge funds have recently added to or reduced their stakes in GLBE. Wellington Management Group LLP grew its stake in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after buying an additional 2,037,962 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares during the last quarter. Bienville Capital Management LLC bought a new position in shares of Global-e Online in the 2nd quarter valued at $13,021,000. Renaissance Technologies LLC acquired a new stake in shares of Global-e Online during the 1st quarter valued at $8,512,000. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Global-e Online during the 2nd quarter valued at $5,974,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Global-e Online from $47.00 to $48.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Global-e Online in a report on Tuesday, September 1st. BMO Capital Markets increased their price target on shares of 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, Morgan Stanley lifted their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.08.

Global-e Online Company Profile

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.