Key Points
- CEO Amir Schlachet sold 24,999 Global-e Online shares at an average price of $41.23, generating approximately $1.03 million. He retained 4.07 million shares after the transaction.
- Global-e Online shares opened at $41.57, near the 12-month high of $42.38, with a market capitalization of about $7.06 billion. Institutional investors own approximately 94.6% of the company.
- Analysts maintain a generally positive view, with 13 Buy ratings, one Hold, and one Sell; the stock carries a “Moderate Buy” consensus rating and an average price target of $44.83.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77. Following the completion of the transaction, the chief executive officer owned 4,066,730 shares of the company's stock, valued at approximately $167,671,277.90. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Amir Schlachet also recently made the following trade(s):
- On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51.
- On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $37.09, for a total transaction of $927,212.91.
- On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total transaction of $536,311.88.
- On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total transaction of $279,822.14.
- On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44.
- On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $29.00, for a total transaction of $241,657.00.
- On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The stock was sold at an average price of $32.45, for a total transaction of $200,995.30.
Global-e Online Stock Up 0.1%
Global-e Online stock opened at $41.57 on Thursday. The company has a market capitalization of $7.06 billion, a P/E ratio of 63.95 and a beta of 1.03. The stock's 50 day moving average is $35.50 and its 200 day moving average is $33.78. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $42.38.
Institutional Investors Weigh In On Global-e Online
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Global-e Online by 73.3% during 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online in the 4th quarter worth $39,000. Geneos Wealth Management Inc. boosted 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 worth $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings 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 worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Global-e Online during the fourth quarter valued at $72,000. Hedge funds and other institutional investors own 94.60% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on GLBE. Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an "accumulate" rating in a research report on Wednesday, May 27th. Truist Financial upped their price target on shares of Global-e Online from $39.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Zacks Research downgraded shares of Global-e Online from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Global-e Online from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.83.
Get Our Latest Research Report 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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