Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $241,657.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 8,333 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $29.00, for a total value of $241,657.00. Following the sale, the chief executive officer owned 4,241,723 shares of the company’s stock, valued at approximately $123,009,967. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 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 Stock Down 0.6%

Shares of NASDAQ:GLBE opened at $29.95 on Friday. 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 cap of $5.08 billion, a PE ratio of 46.08 and a beta of 1.18. The business has a 50 day moving average of $31.35 and a 200-day moving average of $35.11.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLBE shares. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. KeyCorp dropped their price target 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. Benchmark lifted their price target on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, Truist Financial dropped their price target on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and an average target price of $44.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised 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 valued at $38,000 after purchasing an additional 448 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. California State Teachers Retirement System raised 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 valued at $4,564,000 after purchasing an additional 533 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock worth $2,062,000 after buying an additional 536 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Global-e Online by 28.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after buying an additional 649 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.