Key Points
- Global-e Online CEO Amir Schlachet sold 8,333 shares on April 2 at an average price of $30.94 for about $257,823, a 0.23% reduction that left him with 3,596,454 shares (≈$111.27M), and the transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
- Schlachet also sold 16,666 shares on March 17 at an average of $34.45, showing multiple recent insider sales.
- For context, GLBE has a market cap of $5.22B, a P/E of 83.11 and a 52-week range of $27.80–$43.21; analysts hold a consensus Moderate Buy rating with a $47.58 target price.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 8,333 shares of Global-e Online stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $30.94, for a total transaction of $257,823.02. Following the completion of the sale, the chief executive officer directly owned 3,596,454 shares in the company, valued at approximately $111,274,286.76. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amir Schlachet also recently made the following trade(s):
- 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 transaction of $574,143.70.
Global-e Online Stock Up 0.0%
Shares of NASDAQ:GLBE opened at $30.75 on Thursday. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 83.11 and a beta of 1.28. The firm's 50-day simple moving average is $33.38 and its 200-day simple moving average is $36.02. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21.
Analysts Set New Price Targets
GLBE has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a report on Sunday, March 29th. Weiss Ratings raised shares of Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 27th. Benchmark boosted their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.58.
Check Out Our Latest Research Report on Global-e Online
Hedge Funds Weigh In On Global-e Online
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in 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 acquiring an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online during the fourth quarter worth about $39,000. Geneos Wealth Management Inc. raised its position 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 valued at $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-e Online Company Profile
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Get Free Report)
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.
Further Reading
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