Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 16,666 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 16,666 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $34.45, for a total value of $574,143.70. Following the completion of the sale, the chief executive officer owned 3,562,787 shares of the company’s stock, valued at $122,738,012.15. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Global-e Online Trading Up 0.4%

NASDAQ:GLBE opened at $34.02 on Thursday. The business’s fifty day moving average price is $35.57 and its 200 day moving average price is $36.49. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 91.95 and a beta of 1.24. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $43.21.

Institutional Investors Weigh In On Global-e Online

Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased 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 worth $38,000 after buying an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online in the fourth quarter valued at approximately $39,000. Virtus Advisers LLC acquired a new stake in Global-e Online in the second quarter valued at approximately $47,000. Geneos Wealth Management Inc. grew its position in Global-e Online by 67.2% in the first 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. Finally, Tower Research Capital LLC TRC grew its position in Global-e Online by 780.7% in the second 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. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GLBE. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Bank of America reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, February 18th. Benchmark increased their target price on shares of Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

Global-e Online Company Profile

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.