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

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 8,333 shares of Global-e Online stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $29.00, for a total transaction of $241,657.00. Following the sale, the chief executive officer owned 4,241,723 shares of the company's stock, valued at $123,009,967. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $32.45, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $574,143.70.

Global-e Online Trading Up 4.8%

NASDAQ:GLBE opened at $29.99 on Thursday. The firm has a fifty day simple moving average of $31.51 and a 200-day simple moving average of $35.19. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The company has a market capitalization of $5.09 billion, a P/E ratio of 46.14 and a beta of 1.18.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.09. The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm's quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. Equities analysts forecast that Global-e Online Ltd. will post 1.12 EPS for the current year.

Institutional Trading of Global-e Online

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised 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 acquiring an additional 448 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of 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 grew 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 buying an additional 533 shares during the period. Main Management ETF Advisors LLC grew 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 buying an additional 536 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Global-e Online by 28.2% in the 3rd 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 period. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GLBE. Bank of America began coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a "buy" rating and a $43.00 target price for the company. KeyCorp decreased their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. UBS Group decreased their target price on shares of 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 downgraded shares of Global-e Online from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Global-e Online from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $44.17.

About Global-e Online

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.