Key Points
- CEO Amir Schlachet sold 8,333 shares of Global-e Online on May 19 at an average price of $29.00, totaling about $241,657. After the sale, he still held 4,241,723 shares valued at roughly $123.0 million.
- This was part of a recent pattern of insider selling, with Schlachet also selling shares several times in April and early May, including larger transactions on March 17 and April 16.
- Global-e Online beat quarterly earnings expectations, reporting EPS of $0.27 versus the $0.18 consensus and revenue of $252.09 million, up 32.8% year over year. Despite the insider sales, analysts currently rate the stock a “Moderate Buy” with a consensus target of $44.17.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 2,303 shares of the business's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $30.01, for a total value of $69,113.03. Following the sale, the president owned 4,570,562 shares in the company, valued at $137,162,565.62. The trade was a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Nir Debbi also recently made the following trade(s):
- On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total transaction of $135,686.62.
- On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total transaction of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total transaction of $249,311.97.
- On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total transaction of $7,192.99.
- On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.
- On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total transaction of $130,229.16.
- On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.
Global-e Online Price Performance
Shares of GLBE opened at $30.14 on Friday. The company's fifty day moving average price is $31.43 and its 200-day moving average price is $35.15. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The firm has a market capitalization of $5.12 billion, a PE ratio of 46.37 and a beta of 1.18.
Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results 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 analyst estimates of $250.78 million. During the same quarter last year, the business posted ($0.11) EPS. The firm's quarterly revenue was up 32.8% on a year-over-year basis. As a group, research analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GLBE. IFP Advisors Inc lifted its holdings in Global-e Online by 73.3% in the third 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online during the 4th quarter worth approximately $39,000. Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock valued at $72,000 after purchasing an additional 1,376 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on GLBE shares. Wall Street Zen lowered Global-e Online from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Global-e Online from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, May 8th. Jefferies Financial Group restated a "buy" rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Bank of America initiated coverage on shares of Global-e Online in a report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price objective on the stock. Finally, BMO Capital Markets assumed coverage on shares of Global-e Online in a research note on Tuesday, April 21st. They issued an "outperform" rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $44.17.
Read Our Latest Research Report on Global-e Online
Global-e Online Company Profile
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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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