Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 1,308 Shares

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) CEO Amir Schlachet sold 1,308 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $42.09, for a total transaction of $55,053.72. Following the transaction, the chief executive officer owned 4,065,422 shares in the company, valued at $171,113,611.98. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Amir Schlachet also recently made the following trade(s):

  • 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 stock was sold at an average price of $36.21, for a total value of $2,112,165.51.
  • On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $37.09, for a total value of $927,212.91.
  • On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $32.18, for a total value of $536,311.88.
  • On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $33.58, for a total value of $279,822.14.
  • On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.34, for a total value of $555,644.44.
  • On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $29.00, for a total value of $241,657.00.

Global-e Online Stock Performance

NASDAQ GLBE opened at $41.02 on Friday. The stock’s fifty day moving average is $35.72 and its two-hundred day moving average is $33.81. The firm has a market capitalization of $6.96 billion, a P/E ratio of 63.11 and a beta of 1.03. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $42.38.

Institutional Investors Weigh In On Global-e Online

Institutional investors and hedge funds have recently made changes to their positions in the stock. Annex Advisory Services LLC lifted its holdings in shares of Global-e Online by 37.8% in the 2nd quarter. Annex Advisory Services LLC now owns 88,076 shares of the company’s stock worth $3,059,000 after acquiring an additional 24,179 shares during the last quarter. Wasatch Advisors LP raised its position in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the period. Handelsbanken Fonder AB raised its position in Global-e Online by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock valued at $6,077,000 after purchasing an additional 48,145 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake 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 purchasing an additional 631 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Global-e Online by 39.1% during the second quarter. Moody National Bank Trust Division now owns 43,765 shares of the company’s stock worth $1,520,000 after purchasing an additional 12,300 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Global-e Online in a research note on Wednesday, July 29th. BMO Capital Markets boosted their target price on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial raised their price target on shares of Global-e Online from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.83.

View Our Latest Stock Report on GLBE

More Global-e Online News

Here are the key news stories impacting Global-e Online this week:

  • Positive Sentiment: Analysts remain constructive. BMO Capital Markets raised its price target from $42 to $46 and maintained an “outperform” rating. Piper Sandler also reiterated an “overweight” rating with a $48 target. The broader consensus is “Moderate Buy,” with an average target of $44.83. BMO Capital Markets Forecasts Strong Price Appreciation for Global-e Online stock
  • Positive Sentiment: Institutional ownership provides support. Major investors including Wasatch Advisors and T. Rowe Price increased their positions, while institutional investors collectively own approximately 94.6% of Global-e Online’s shares. This suggests continued confidence among professional investors.
  • Neutral Sentiment: Insider sales were relatively small compared with holdings. CEO Amir Schlachet sold 24,999 shares on August 4 and another 1,308 shares on August 5, while COO Shahar Tamari sold 24,999 shares on August 5. President Nir Debbi also sold 14,582 shares on August 3. Each executive retained millions of shares, so the transactions may reflect planned profit-taking rather than a fundamental change in outlook. Global-e Online insider selling report
  • Negative Sentiment: Repeated insider selling may weigh on sentiment. Recent sales by multiple senior executives, including additional transactions by the CEO and president in prior months, can raise concerns about insider conviction—particularly with the stock trading near its 52-week high.
  • Negative Sentiment: Valuation leaves room for disappointment. Global-e Online trades at roughly 63 times earnings, meaning the stock’s elevated valuation depends on continued strong growth. Any slowdown in cross-border e-commerce or weaker-than-expected results could trigger volatility.

Global-e Online Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for Global-e Online (NASDAQ:GLBE)

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