Key Points
- CEO Amir Schlachet sold 16,666 shares of Global-e Online on June 16 at an average price of $32.18, totaling about $536,312. After the sale, he still owned 4.2 million shares worth roughly $135.2 million.
- This was part of a broader pattern of insider selling: Schlachet has made multiple stock sales in recent months, including several transactions in April and May.
- Global-e Online’s business performance remains solid, with its latest quarter beating earnings and revenue estimates and revenue rising 32.8% year over year. Analysts still broadly view the stock positively, with a consensus rating of “Moderate Buy” and an average price target of $44.33.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 4,166 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $32.47, for a total transaction of $135,270.02. Following the sale, the president owned 4,554,851 shares in the company, valued at $147,896,011.97. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Nir Debbi also recently made the following trade(s):
- On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total transaction of $311,152.10.
- On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total value of $14,965.17.
- On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total value of $56,355.75.
- On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total value of $69,113.03.
- On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total value of $135,686.62.
- On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total value of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total value 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 value of $7,192.99.
- On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total value of $137,727.96.
- On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total transaction of $130,229.16.
Global-e Online Trading Down 0.9%
Shares of NASDAQ GLBE opened at $31.98 on Thursday. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 49.20 and a beta of 1.16. The firm has a 50-day moving average of $31.24 and a two-hundred day moving average of $34.48.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. During the same period in the prior year, the business earned ($0.11) earnings per share. The business's quarterly revenue was up 32.8% on a year-over-year basis. As a group, research analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently commented on GLBE. Wall Street Zen downgraded Global-e Online from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Piper Sandler reaffirmed an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. Needham & Company LLC reaffirmed a "buy" rating on shares of Global-e Online in a report on Wednesday, May 27th. Zacks Research downgraded Global-e Online from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Finally, Bank of America began coverage on shares of Global-e Online in a research note on Tuesday, March 31st. They set a "buy" rating and a $43.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Global-e Online presently has an average rating of "Moderate Buy" and a consensus price target of $44.33.
View Our Latest Stock Analysis on GLBE
Institutional Trading of Global-e Online
Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in shares of 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 purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online in the fourth quarter valued at $39,000. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock worth $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock worth $72,000 after acquiring an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.
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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