Global-e Online (NASDAQ:GLBE) CEO Sells $299,376.00 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 9,450 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $31.68, for a total transaction of $299,376.00. Following the sale, the chief executive officer directly owned 3,975,100 shares of the company’s stock, valued at approximately $125,931,168. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The stock was sold at an average price of $31.27, for a total transaction of $31,957.94.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total transaction of $560,810.90.
• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total value 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 shares were 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 shares were sold at an average price of $34.45, for a total value of $574,143.70.

Global-e Online Stock Down 8.7%

Shares of GLBE opened at $29.80 on Friday. The business has a 50-day simple moving average of $32.66 and a two-hundred day simple moving average of $35.57. Global-e Online Ltd. has a 52 week low of $27.80 and a 52 week high of $43.21. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 80.54 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GLBE. KeyCorp reduced their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. 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 cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group decreased their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Finally, Bank of America assumed coverage on shares of Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $46.77.

Institutional Trading of Global-e Online

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online in the fourth quarter worth $39,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Global-e Online by 780.7% during 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 during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Global-e Online by 237.7% during the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after acquiring an additional 1,376 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

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.