Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells 100,000 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) CEO Amir Schlachet sold 100,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $42.10, for a total value of $4,210,000.00. Following the completion of the sale, the chief executive officer owned 3,848,286 shares in the company, valued at $162,012,840.60. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 stock was 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.

Global-e Online Stock Performance

GLBE stock traded down $1.34 during mid-day trading on Monday, reaching $41.02. The company had a trading volume of 442,853 shares, compared to its average volume of 1,589,613. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 47.61 and a beta of 1.03. The firm has a fifty day simple moving average of $36.82 and a 200 day simple moving average of $34.00. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99.

Global-e Online (NASDAQ:GLBEGet Free Report) last announced its quarterly earnings data 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 business had revenue of $299.00 million during the quarter. As a group, analysts predict that Global-e Online Ltd. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on GLBE shares. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. UBS Group set a $54.00 price objective on shares of Global-e Online and gave the stock a “buy” rating in a research report on Thursday. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research note on Thursday. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research note on Wednesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.23.

View Our Latest Report on Global-e Online

Hedge Funds Weigh In On Global-e Online

Several large investors have recently bought and sold shares of GLBE. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online in the 4th quarter valued at about $39,000. IFP Advisors Inc increased its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the first 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 last quarter. Tower Research Capital LLC TRC lifted its stake in Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Global-e Online in the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

(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.

Further Reading

Insider Buying and Selling by Quarter for Global-e Online (NASDAQ:GLBE)

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