Key Points
- CEO Amir Schlachet sold 100,000 Global-e Online shares at an average price of $42.20, generating $4.22 million. His remaining stake totals 3,965,422 shares, valued at approximately $167.3 million, a 2.46% reduction.
- Global-e Online shares opened at $41.15, near their 52-week high of $42.51, with a market capitalization of about $6.98 billion. Institutional investors and hedge funds own 94.6% of the outstanding stock.
- Analysts remain broadly positive, with 13 Buy ratings, one Hold, and one Sell; the stock has 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 100,000 shares of Global-e Online stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.20, for a total value of $4,220,000.00. Following the completion of the transaction, the chief executive officer owned 3,965,422 shares in the company, valued at approximately $167,340,808.40. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Amir Schlachet also recently made the following trade(s):
- On Wednesday, August 5th, Amir Schlachet sold 1,308 shares of Global-e Online stock. The stock was sold at an average price of $42.09, for a total value of $55,053.72.
- On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total transaction of $1,030,708.77.
- 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 shares were 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 shares were 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 shares were sold at an average price of $29.00, for a total transaction of $241,657.00.
Global-e Online Stock Performance
NASDAQ GLBE opened at $41.15 on Tuesday. The firm's fifty day moving average price is $36.10 and its two-hundred day moving average price is $33.88. The stock has a market cap of $6.98 billion, a PE ratio of 63.31 and a beta of 1.03. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $42.51.
Institutional Trading of Global-e Online
A number of institutional investors and hedge funds have recently bought and sold shares of GLBE. Legal & General Group Plc raised its holdings in Global-e Online by 105.3% during the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company's stock worth $22,727,000 after purchasing an additional 296,466 shares during the last quarter. Annex Advisory Services LLC boosted its stake in shares of Global-e Online by 64.4% in the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company's stock valued at $25,159,000 after purchasing an additional 250,625 shares during the last quarter. Vitruvian Partners LLP boosted its stake in shares of Global-e Online by 21.9% in the 4th quarter. Vitruvian Partners LLP now owns 210,209 shares of the company's stock valued at $8,263,000 after purchasing an additional 37,767 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Global-e Online during the first quarter worth $1,144,000. Finally, Handelsbanken Fonder AB increased its position in shares of Global-e Online by 51.7% during the fourth quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company's stock worth $4,484,000 after buying an additional 38,869 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Truist Financial increased their target price on Global-e Online from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Needham & Company LLC reissued a "buy" rating on shares of Global-e Online in a research note on Wednesday, May 27th. Piper Sandler restated an "overweight" rating and set a $48.00 price target on shares of Global-e Online in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised Global-e Online to an "accumulate" rating in a research note on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.83.
Read Our Latest Stock Report on GLBE
Global-e Online Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
