Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $39.04, for a total value of $975,960.96. Following the transaction, the chief executive officer owned 3,641,735 shares of the company's stock, valued at approximately $142,173,334.40. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Amir Schlachet also recently made the following trade(s):
- On Friday, October 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.14, for a total value of $978,460.86.
- On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The shares were sold at an average price of $37.38, for a total value of $480,557.28.
- On Thursday, September 17th, Amir Schlachet sold 12,143 shares of Global-e Online stock. The shares were sold at an average price of $38.28, for a total value of $464,834.04.
- On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.24, for a total value of $955,961.76.
- 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 value of $4,210,000.00.
- On Friday, August 14th, Amir Schlachet sold 81,556 shares of Global-e Online stock. The stock was sold at an average price of $42.30, for a total value of $3,449,818.80.
- 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 transaction of $713,081.74.
- On Monday, August 10th, Amir Schlachet sold 322 shares of Global-e Online stock. The shares were sold at an average price of $42.07, for a total transaction 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 transaction 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 transaction of $55,053.72.
Global-e Online Stock Up 5.2%
Shares of GLBE stock opened at $41.78 on Wednesday. The company's fifty day simple moving average is $39.34 and its 200-day simple moving average is $35.77. The firm has a market cap of $7.09 billion, a PE ratio of 48.58 and a beta of 0.98. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month 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 business had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, equities analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Global-e Online
Several large investors have recently made changes to their positions in GLBE. MCF Advisors LLC grew its stake in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company's stock valued at $50,000 after buying an additional 552 shares in the last quarter. Seelaus Asset Management LLC acquired a new position in Global-e Online during the first quarter worth $231,000. Lombard Odier Asset Management USA Corp acquired a new position in Global-e Online during the first quarter worth $239,000. Hennion & Walsh Asset Management Inc. raised its position in Global-e Online by 8.3% during 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 in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Global-e Online by 5.0% during the first quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company's stock worth $864,000 after acquiring an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Global-e Online from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Jefferies Financial Group restated a "buy" rating and issued a $48.00 price objective on shares of Global-e Online in a report on Wednesday, August 12th. Raymond James Financial reaffirmed an "outperform" rating and issued a $48.00 target price on shares of Global-e Online in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $47.00 target price on shares of Global-e Online in a research report on Tuesday, September 1st. Finally, Zacks Research lowered Global-e Online from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $48.00.
View Our Latest Analysis on GLBE
Global-e Online Company Profile
(
Get Free Report)
Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.
The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.
Founded in 2013, Global-e serves merchants and shoppers across international markets.
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