Key Points
- CEO sale: Global-e CEO Amir Schlachet sold 9,450 shares on May 5 at an average price of $31.68 for about $299,376, leaving him with 3,975,100 shares (a 0.24% reduction, ~ $125.9M value).
- Pattern of insider selling: The May 5 sale follows multiple recent tranches since March and April (including several 16,666-share sales), signaling ongoing insider disposals over the past two months.
- Market and analyst view: GLBE trades near $31.22 (1-year range $27.80–$43.21) with a $5.3B market cap, and analysts hold an overall "Buy" consensus with an average target of $46.77.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 9,450 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $31.68, for a total value of $299,376.00. Following the sale, the chief executive officer directly owned 3,975,100 shares of the company's stock, valued at approximately $125,931,168. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Amir Schlachet also recently made the following trade(s):
- On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total value 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 value 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 shares were 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
Shares of NASDAQ GLBE opened at $31.22 on Thursday. Global-e Online Ltd. has a 1-year low of $27.80 and a 1-year high of $43.21. The business has a 50-day moving average of $32.70 and a 200-day moving average of $35.56. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 84.38 and a beta of 1.18.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock valued at $114,847,000 after buying an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock valued at $230,842,000 after buying an additional 2,387,242 shares in the last quarter. Janus Henderson Group PLC raised its stake in Global-e Online by 1,539.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company's stock valued at $89,213,000 after buying an additional 2,131,047 shares in the last quarter. Arohi Asset Management PTE Ltd. raised its stake in Global-e Online by 91.0% during the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company's stock valued at $94,680,000 after buying an additional 1,345,156 shares in the last quarter. Finally, Norges Bank acquired a new stake in Global-e Online during the fourth quarter valued at approximately $51,104,000. Hedge funds and other institutional investors own 94.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. KeyCorp decreased their target price 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. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a research report on Sunday, March 29th. Bank of America started coverage on Global-e Online in a report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of Global-e Online 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $46.77.
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About Global-e Online
(
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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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