Key Points
- CEO Amir Schlachet sold 4,001 shares of Global‑e (NASDAQ:GLBE) on April 8 at an average price of $32.26 for about $129,072, leaving him with 4,005,548 shares (a 0.10% reduction).
- The transaction was executed under a pre‑arranged Rule 10b5‑1 trading plan and follows earlier insider sales of 8,333 shares on April 2 (avg $30.94) and 16,666 shares on March 17 (avg $34.45), totaling roughly 29,000 shares sold recently.
- Stock and analyst context: GLBE has a $5.13B market cap, a 52‑week range of $27.80–$43.21, 50/200‑day moving averages of $33.13/$35.93, and a consensus "Moderate Buy" with an average target price of $47.58.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 4,001 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $32.26, for a total value of $129,072.26. Following the transaction, the chief executive officer owned 4,005,548 shares of the company's stock, valued at $129,218,978.48. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amir Schlachet also recently made the following trade(s):
- 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 shares were sold at an average price of $34.45, for a total value of $574,143.70.
Global-e Online Stock Performance
Shares of GLBE opened at $30.23 on Friday. The stock has a fifty day moving average price of $33.13 and a two-hundred day moving average price of $35.93. Global-e Online Ltd. has a 52-week low of $27.80 and a 52-week high of $43.21. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 81.70 and a beta of 1.28.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. KeyCorp cut their price objective on 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. Piper Sandler reiterated an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Weiss Ratings upgraded Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, March 27th. Benchmark lifted their price objective on Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Finally, UBS Group cut their price objective on Global-e Online from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. 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. According to MarketBeat.com, Global-e Online has an average rating of "Moderate Buy" and an average target price of $47.58.
View Our Latest Research Report on GLBE
Institutional Investors Weigh In On Global-e Online
Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock valued at $38,000 after buying an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online in the 4th quarter valued at $39,000. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% in the 1st 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 period. Tower Research Capital LLC TRC increased its stake in shares of Global-e Online by 780.7% in the 2nd 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 period. Finally, Jones Financial Companies Lllp increased its stake in shares of Global-e Online by 237.7% in the 3rd 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 period. 94.60% of the stock is owned by institutional investors and hedge funds.
About Global-e Online
(
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.
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