Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 322 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $42.07, for a total value of $13,546.54. Following the transaction, the chief executive officer owned 3,965,100 shares in the company, valued at approximately $166,811,757. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Amir Schlachet also recently made the following trade(s):
- On Friday, August 7th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The shares were sold at an average price of $42.20, for a total value of $4,220,000.00.
- 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 value of $1,030,708.77.
- On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The stock was sold at an average price of $36.21, for a total value 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 stock was 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.
Global-e Online Trading Down 0.7%
Shares of Global-e Online stock opened at $40.86 on Wednesday. The firm's 50 day simple moving average is $36.26 and its two-hundred day simple moving average is $33.91. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 62.86 and a beta of 1.03. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $42.51.
Hedge Funds Weigh In On Global-e Online
A number of large investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its position 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 purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online in the fourth quarter valued at approximately $39,000. Geneos Wealth Management Inc. increased its position in shares of 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 buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock worth $61,000 after buying an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Global-e Online during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Wall Street Analyst Weigh In
GLBE has been the subject of a number of research analyst reports. Zacks Research lowered Global-e Online from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 3rd. Piper Sandler reiterated an "overweight" rating and set a $48.00 price target on shares of Global-e Online in a research note on Tuesday. Truist Financial raised their price objective on Global-e Online from $39.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Benchmark reaffirmed a "buy" rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, BMO Capital Markets increased their price target on shares of Global-e Online from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.83.
Check Out Our Latest 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.
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