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

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) CEO Amir Schlachet sold 8,333 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.58, for a total transaction of $279,822.14. Following the completion of the sale, the chief executive officer directly owned 4,233,390 shares of the company’s stock, valued at $142,157,236.20. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44.
  • On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $29.00, for a total value of $241,657.00.
  • On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The stock was 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $34.45, for a total transaction of $574,143.70.

Global-e Online Price Performance

NASDAQ GLBE opened at $31.79 on Thursday. The firm’s 50-day moving average is $30.91 and its two-hundred day moving average is $34.82. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The stock has a market capitalization of $5.40 billion, a P/E ratio of 48.91 and a beta of 1.16.

Global-e Online (NASDAQ:GLBEGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share. As a group, analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of research reports. Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Morgan Stanley cut their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.92.

View Our Latest Stock Analysis on Global-e Online

Hedge Funds Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of 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 purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares during the last quarter. California State Teachers Retirement System increased its position in Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock worth $4,564,000 after buying an additional 533 shares during the period. Main Management ETF Advisors LLC lifted its stake in Global-e Online by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after buying an additional 536 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

More Global-e Online News

Here are the key news stories impacting Global-e Online this week:

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

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