Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77. Following the transaction, the chief executive officer owned 4,066,730 shares in the company, valued at approximately $167,671,277.90. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $32.18, for a total transaction of $536,311.88.
• On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total transaction of $279,822.14.
• On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44.
• On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $29.00, for a total transaction of $241,657.00.
• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The shares were sold at an average price of $32.45, for a total transaction of $200,995.30.

Global-e Online Stock Up 0.1%

Shares of Global-e Online stock opened at $41.57 on Thursday. The firm has a market cap of $7.06 billion, a PE ratio of 63.95 and a beta of 1.03. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $42.38. The company’s fifty day simple moving average is $35.50 and its two-hundred day simple moving average is $33.78.

Hedge Funds Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently modified their holdings of GLBE. IFP Advisors Inc lifted 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 period. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online during the 4th quarter valued at approximately $39,000. Geneos Wealth Management Inc. grew its holdings in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Global-e Online during the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Wednesday, July 29th. Truist Financial lifted their price objective on Global-e Online from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

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.