Key Points
- Global‑e CEO Amir Schlachet sold 1,022 shares on May 6 at an average price of $31.27 for $31,957.94, and still directly owns 3,974,078 shares (a 0.03% reduction) valued at about $124.27 million.
- Schlachet has been selling repeatedly since mid‑March — roughly 60,470 shares across seven trades (Mar 17–May 6), generating about $2.0 million in proceeds.
- For context, GLBE is trading around $32.63 (up 4.5%), has a market cap of $5.54 billion, and carries a consensus analyst rating of Buy with an average target of $46.77.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 1,022 shares of the company's stock in a transaction 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 directly owned 3,974,078 shares of the company's stock, valued at $124,269,419.06. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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 Stock Up 4.5%
Global-e Online stock opened at $32.63 on Friday. Global-e Online Ltd. has a 52-week low of $27.80 and a 52-week high of $43.21. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 88.19 and a beta of 1.18. The company has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $35.57.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on GLBE shares. Benchmark boosted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Weiss Ratings raised shares of Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, March 27th. Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a research note on Sunday, March 29th. Bank of America started 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 target for the company. Finally, Truist Financial dropped 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 note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $46.77.
Read Our Latest Stock Analysis on GLBE
Institutional Trading of Global-e Online
Several hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its position in shares of 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 purchasing an additional 448 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after purchasing an additional 528 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company's stock worth $4,564,000 after purchasing an additional 533 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in shares of Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company's stock worth $2,062,000 after purchasing an additional 536 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Global-e Online by 28.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company's stock worth $106,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
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.
Further Reading
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