Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 81,556 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.30, for a total value of $3,449,818.80. Following the completion of the sale, the chief executive officer directly owned 3,766,730 shares of the company's stock, valued at $159,332,679. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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 shares were sold at an average price of $42.10, for a total value of $4,210,000.00.
- On Wednesday, August 12th, Amir Schlachet sold 16,814 shares of Global-e Online stock. The shares were 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 stock was 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 stock was 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 shares were 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 transaction 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 transaction of $536,311.88.
- On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total transaction of $279,822.14.
Global-e Online Trading Down 2.8%
Shares of Global-e Online stock opened at $41.18 on Tuesday. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 47.88 and a beta of 1.03. The firm's 50 day simple moving average is $37.00 and its two-hundred day simple moving average is $34.02.
Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million during the quarter. On average, sell-side analysts predict that Global-e Online Ltd. will post 1.13 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have commented on GLBE. Morgan Stanley lifted their price target on Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Citigroup reissued a "market outperform" rating on shares of Global-e Online in a report on Thursday. Jefferies Financial Group restated a "buy" rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. UBS Group set a $54.00 target price on Global-e Online and gave the stock a "buy" rating in a report on Thursday. Finally, Benchmark reiterated a "buy" rating on shares of Global-e Online in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.23.
View Our Latest Research Report on GLBE
Institutional Investors Weigh In On Global-e Online
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Global-e Online by 87.4% in the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock valued at $2,684,000 after purchasing an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Global-e Online by 17.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock valued at $1,948,000 after buying an additional 8,239 shares during the period. Geneos Wealth Management Inc. grew 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 buying an additional 528 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Global-e Online in the second quarter valued at $5,428,000. Finally, Brown Advisory Inc. purchased a new position in Global-e Online in the second quarter valued at $726,000. Institutional investors and hedge funds own 94.60% of the company's stock.
About Global-e Online
(
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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