Amir Schlachet Sells 8,333 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) CEO Amir Schlachet sold 8,333 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $29.00, for a total value of $241,657.00. Following the completion of the sale, the chief executive officer directly owned 4,241,723 shares in the company, valued at approximately $123,009,967. The trade was a 0.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The shares were sold at an average price of $32.45, for a total value of $200,995.30.
  • On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The shares were sold at an average price of $31.27, for a total value of $31,957.94.
  • On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The stock was sold at an average price of $31.68, for a total value of $299,376.00.
  • On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.65, for a total value of $560,810.90.
  • On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total value of $143,345.88.
  • On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total value of $129,072.26.
  • On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $30.94, for a total value of $257,823.02.
  • On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $34.45, for a total value of $574,143.70.

Global-e Online Trading Down 0.6%

Global-e Online stock opened at $29.95 on Friday. The stock has a market cap of $5.08 billion, a PE ratio of 46.08 and a beta of 1.18. The stock has a 50-day moving average price of $31.35 and a 200 day moving average price of $35.11. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94.

Global-e Online (NASDAQ:GLBEGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. On average, equities analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current year.

Institutional Trading of Global-e Online

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. grew its holdings in 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 buying an additional 528 shares during the period. California State Teachers Retirement System lifted its stake in shares of Global-e Online by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock valued at $4,564,000 after purchasing an additional 533 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of Global-e Online by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after purchasing an additional 536 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Global-e Online by 28.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after purchasing an additional 649 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of recent research reports. Truist Financial dropped their price objective on Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, April 24th. UBS Group dropped their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. KeyCorp lowered their price target on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Morgan Stanley lowered their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has 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 an average target price of $44.17.

Read Our Latest Research Report on Global-e Online

Global-e Online Company Profile

(Get Free Report)

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.

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