Amir Schlachet Sells 4,001 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 4,001 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $32.26, for a total value of $129,072.26. Following the completion of the transaction, the chief executive officer directly owned 4,005,548 shares in the company, valued at $129,218,978.48. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amir Schlachet also recently made the following trade(s):

• 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 value 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 value of $574,143.70.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded up $0.14 during trading on Friday, hitting $30.58. The company had a trading volume of 126,876 shares, compared to its average volume of 1,528,143. The stock has a 50 day simple moving average of $33.26 and a 200 day simple moving average of $35.98. Global-e Online Ltd. has a 12 month low of $27.80 and a 12 month high of $43.21. The firm has a market capitalization of $5.19 billion, a P/E ratio of 82.74 and a beta of 1.28.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GLBE shares. UBS Group lowered their target price on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Benchmark lifted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Weiss Ratings upgraded shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC grew its position in shares of Global-e Online by 18.2% during the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock valued at $425,082,000 after purchasing an additional 1,831,063 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC grew its position in shares of Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Global-e Online by 40.0% during the fourth quarter. Wasatch Advisors LP now owns 4,821,106 shares of the company’s stock valued at $189,518,000 after purchasing an additional 1,378,035 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. grew its position in shares of Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after purchasing an additional 23,213 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

About Global-e Online

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.