Global-e Online (NASDAQ:GLBE) CEO Sells $3,449,818.80 in Stock

Key Points

• CEO Amir Schlachet sold 81,556 Global-e Online shares at an average price of $42.30, generating $3.45 million. He still owns 3.77 million shares valued at approximately $159.3 million.
• GLBE shares traded at $41.02, with a market capitalization of $6.96 billion and a 52-week range of $26.84 to $43.99. The company recently reported quarterly revenue of $299 million and earnings per share of $0.37.
• Analysts maintain a generally positive outlook, with 13 Buy, two Hold, and one Sell rating; the stock has a consensus Moderate Buy rating and a $47.23 price target.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 81,556 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.30, for a total transaction of $3,449,818.80. Following the completion of the transaction, the chief executive officer owned 3,766,730 shares in the company, valued at $159,332,679. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.10, for a total transaction of $4,210,000.00.
• 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 shares were 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.
• 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 transaction of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The stock was sold at an average price of $36.21, for a total transaction 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 shares were sold at an average price of $33.58, for a total value of $279,822.14.

Global-e Online Price Performance

GLBE stock traded down $1.34 during midday trading on Monday, hitting $41.02. The stock had a trading volume of 442,853 shares, compared to its average volume of 1,589,613. The business has a 50-day moving average of $36.82 and a two-hundred day moving average of $34.00. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 47.70 and a beta of 1.03. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. Research analysts predict that Global-e Online Ltd. will post 1.13 earnings per share for the current year.

Institutional Trading of Global-e Online

Institutional investors have recently added to or reduced their stakes in the business. Summit Creek Advisors LLC bought a new stake in Global-e Online in the 2nd quarter worth about $5,974,000. Annex Advisory Services LLC lifted its stake in Global-e Online by 37.8% during the 2nd quarter. Annex Advisory Services LLC now owns 88,076 shares of the company's stock valued at $3,059,000 after acquiring an additional 24,179 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock valued at $287,397,000 after acquiring an additional 1,816,606 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Global-e Online by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company's stock worth $6,077,000 after acquiring an additional 48,145 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Global-e Online by 8.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company's stock worth $286,000 after acquiring an additional 631 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GLBE shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Global-e Online in a research note on Wednesday, August 5th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC restated a "buy" rating on shares of Global-e Online in a research note on Wednesday, May 27th. Morgan Stanley raised their price objective on Global-e Online from $44.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $48.00 target price on shares of Global-e Online in a report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.23.

Global-e Online Company Profile

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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