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 business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $34.45, for a total transaction of $574,143.70. Following the transaction, the chief executive officer owned 3,562,787 shares of the company’s stock, valued at approximately $122,738,012.15. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Global-e Online Stock Performance

GLBE traded down $0.47 during trading on Wednesday, hitting $33.42. The stock had a trading volume of 54,518 shares, compared to its average volume of 1,642,605. The company has a market capitalization of $5.67 billion, a PE ratio of 90.26 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $43.21. The stock has a 50 day simple moving average of $35.69 and a two-hundred day simple moving average of $36.51.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research report on Monday, December 29th. Finally, Benchmark boosted 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and an average price target of $47.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its holdings 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 worth $38,000 after purchasing an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online in the 4th quarter worth approximately $39,000. Virtus Advisers LLC purchased a new position in Global-e Online during the 2nd quarter worth approximately $47,000. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

About Global-e Online

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.