Key Points
- Global-e Online CEO Amir Schlachet sold 6,194 shares on May 7 at an average price of $32.45, totaling about $200,995.30. After the sale, he still held roughly 3.97 million shares valued at about $128.8 million.
- Schlachet has been actively selling shares in recent weeks, with multiple transactions reported in April and May, including several larger sales in the tens of thousands of shares.
- GLBE shares were trading near $29.91 with a market cap of about $5.08 billion, while analysts currently rate the stock a “Moderate Buy” and see an average price target of $46.77.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 6,194 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.45, for a total transaction of $200,995.30. Following the transaction, the chief executive officer owned 3,967,884 shares in the company, valued at approximately $128,757,835.80. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amir Schlachet also recently made the following trade(s):
- On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The stock was sold at an average price of $31.27, for a total transaction of $31,957.94.
- 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 Trading Up 0.4%
NASDAQ GLBE opened at $29.91 on Tuesday. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 80.84 and a beta of 1.18. The firm's 50 day simple moving average is $32.44 and its 200 day simple moving average is $35.51. Global-e Online Ltd. has a 1 year low of $27.80 and a 1 year high of $43.21.
Hedge Funds Weigh In On Global-e Online
A number of hedge funds have recently bought and sold shares of GLBE. IFP Advisors Inc raised its stake 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 buying an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the fourth quarter worth $39,000. Geneos Wealth Management Inc. increased 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 purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC increased 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 purchasing an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased 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 purchasing an additional 1,376 shares in the last quarter. Institutional investors own 94.60% of the company's stock.
Analyst Ratings Changes
GLBE has been the topic of a number of research analyst reports. Piper Sandler restated an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. BMO Capital Markets initiated coverage on shares of Global-e Online in a research report on Tuesday, April 21st. They issued an "outperform" rating and a $42.00 target price on the stock. Morgan Stanley restated an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Truist Financial cut their target price on shares of Global-e Online from $42.00 to $37.00 and set a "hold" rating on the stock in a research report on Friday, April 24th. Finally, KeyCorp cut their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.77.
Check Out Our Latest Stock Analysis on Global-e Online
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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