Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 1,022 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 1,022 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $31.27, for a total transaction of $31,957.94. Following the sale, the chief executive officer directly owned 3,974,078 shares in the company, valued at approximately $124,269,419.06. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 4.5%

NASDAQ:GLBE opened at $32.63 on Friday. The company has a market cap of $5.54 billion, a PE ratio of 88.19 and a beta of 1.18. Global-e Online Ltd. has a twelve month low of $27.80 and a twelve month high of $43.21. The company’s 50 day moving average is $32.66 and its two-hundred day moving average is $35.57.

Hedge Funds Weigh In On Global-e Online

A number of large investors have recently added to or reduced their stakes in GLBE. Wasatch Advisors LP raised its position in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 worth $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC raised its position in Global-e Online by 1,539.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares during the period. Arohi Asset Management PTE Ltd. raised its position in Global-e Online by 91.0% during the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after acquiring an additional 1,345,156 shares during the period. Finally, Norges Bank purchased a new stake in shares of Global-e Online during the fourth quarter worth $51,104,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on GLBE. Benchmark upped their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Weiss Ratings raised shares of Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $46.77.

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.