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 that occurred on Thursday, April 16th. The stock was sold at an average price of $33.65, for a total transaction of $560,810.90. Following the completion of the transaction, the chief executive officer owned 3,984,550 shares in the company, valued at $134,080,107.50. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction of $143,345.88.
• On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total value of $129,072.26.
• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $30.94, for a total value of $257,823.02.
• On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $34.45, for a total value of $574,143.70.

Global-e Online Stock Performance

NASDAQ GLBE opened at $33.71 on Friday. The business’s fifty day moving average is $32.99 and its 200 day moving average is $35.81. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21. The company has a market capitalization of $5.72 billion, a PE ratio of 91.11 and a beta of 1.28.

Institutional Trading of Global-e Online

Several institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online in the 4th quarter worth approximately $39,000. IFP Advisors Inc raised its position in shares of Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 buying an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online during the fourth quarter worth $72,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GLBE shares. Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Truist Financial decreased their target price on shares of Global-e Online from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.58.

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.