Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 6,194 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 6,194 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $32.45, for a total transaction of $200,995.30. Following the transaction, the chief executive officer directly owned 3,967,884 shares of the company’s stock, valued at approximately $128,757,835.80. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $31.27, for a total transaction of $31,957.94.
• On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The stock was sold at an average price of $31.68, for a total transaction of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was 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 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 shares were 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 Price Performance

GLBE opened at $29.80 on Monday. Global-e Online Ltd. has a 52 week low of $27.80 and a 52 week high of $43.21. The business has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $35.57. The firm has a market cap of $5.06 billion, a P/E ratio of 80.54 and a beta of 1.18.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds have recently bought and sold shares of GLBE. Vitruvian Partners LLP increased its stake in shares of Global-e Online by 23.1% during the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after buying an additional 32,405 shares during the period. Annex Advisory Services LLC grew its holdings in Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after acquiring an additional 250,625 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Global-e Online by 16.1% during the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after acquiring an additional 17,676 shares in the last quarter. NZS Capital LLC increased its position in shares of Global-e Online by 39.3% in the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock valued at $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Global-e Online by 50.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company’s stock valued at $27,714,000 after purchasing an additional 260,000 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Bank of America initiated coverage on shares of Global-e Online in a research note on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price objective for the company. Truist Financial dropped their price objective on shares of Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 24th. Benchmark upped 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 note on Thursday, February 19th. Finally, KeyCorp decreased their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.77.

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.