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 the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $39.04, for a total transaction of $975,960.96. Following the sale, the chief executive officer directly owned 3,641,735 shares of the company’s stock, valued at approximately $142,173,334.40. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were 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 stock was 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 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 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 stock was 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 shares were sold at an average price of $42.09, for a total value of $55,053.72.

Global-e Online Trading Down 1.5%

Shares of Global-e Online stock opened at $41.14 on Thursday. The stock has a 50 day moving average of $39.36 and a 200 day moving average of $35.84. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99. The firm has a market cap of $6.98 billion, a PE ratio of 47.84 and a beta of 0.98.

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

Analyst Ratings Changes

A number of research firms recently issued reports on GLBE. Loop Capital set a $49.00 price target on shares of Global-e Online in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and issued a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Finally, Morgan Stanley boosted their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.00.

Institutional Investors Weigh In On Global-e Online

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Seelaus Asset Management LLC boosted its holdings in shares of Global-e Online by 10.5% in the 3rd quarter. Seelaus Asset Management LLC now owns 14,858 shares of the company’s stock worth $590,000 after purchasing an additional 1,409 shares during the period. Moody National Bank Trust Division increased its position in shares of Global-e Online by 17.3% during the 3rd quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock valued at $2,039,000 after purchasing an additional 7,550 shares during the last quarter. MCF Advisors LLC increased its position in shares of Global-e Online by 62.4% during the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the last quarter. Bienville Capital Management LLC purchased a new stake in Global-e Online during the 2nd quarter valued at $13,021,000. Finally, Keenan Capital LLC raised its holdings in Global-e Online by 4.8% during 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 during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.