Global-e Online (NASDAQ:GLBE) CEO Sells $31,957.94 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 1,022 shares of Global-e Online stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $31.27, for a total transaction of $31,957.94. Following the sale, the chief executive officer owned 3,974,078 shares of the company’s stock, valued at approximately $124,269,419.06. This represents a 0.03% 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 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 stock was 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 transaction 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 transaction 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 transaction of $574,143.70.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $29.80 on Friday. Global-e Online Ltd. has a one year low of $27.80 and a one year high of $43.21. The company has a 50 day moving average of $32.66 and a 200-day moving average of $35.57. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 80.54 and a beta of 1.18.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in Global-e Online by 73.3% in 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online in the fourth quarter valued at approximately $39,000. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in 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 in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 valued at $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after buying an additional 1,376 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Truist Financial lowered their price target on shares of Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, April 24th. UBS Group reduced 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 note on Tuesday, March 31st. Benchmark lifted their price objective 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, Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and a consensus price target of $46.77.

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.