Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 8,333 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.58, for a total transaction of $279,822.14. Following the completion of the sale, the chief executive officer directly owned 4,233,390 shares of the company’s stock, valued at $142,157,236.20. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Amir Schlachet also recently made the following trade(s):
- 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 value 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 value of $200,995.30.
- On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The stock was sold at an average price of $31.27, for a total value of $31,957.94.
- 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 value of $299,376.00.
- On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total value of $560,810.90.
- On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value 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 value 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 value of $257,823.02.
- On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $34.45, for a total transaction of $574,143.70.
Global-e Online Price Performance
NASDAQ GLBE opened at $31.79 on Thursday. The firm’s 50-day moving average is $30.91 and its two-hundred day moving average is $34.82. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The stock has a market capitalization of $5.40 billion, a P/E ratio of 48.91 and a beta of 1.16.
Analyst Upgrades and Downgrades
GLBE has been the subject of a number of research reports. Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Morgan Stanley cut their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.92.
View Our Latest Stock Analysis on Global-e Online
Hedge Funds Weigh In On Global-e Online
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% during 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. California State Teachers Retirement System increased its position in Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock worth $4,564,000 after buying an additional 533 shares during the period. Main Management ETF Advisors LLC lifted its stake in Global-e Online by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after buying an additional 536 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.
More Global-e Online News
Here are the key news stories impacting Global-e Online this week:
- Positive Sentiment: Global-e announced board approval for a share repurchase program of up to $500 million, which could help support earnings per share and signal confidence in the company’s valuation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
- Positive Sentiment: Analysts cited by Zacks say Global-e has a potential upside of about 33.8%, and recent earnings estimate revisions have been trending higher, which may be supporting sentiment. Wall Street Analysts See a 33.78% Upside in Globale Online (GLBE): Can the Stock Really Move This High?
- Neutral Sentiment: Zacks also highlighted Global-e as one of several stocks with rising P/E ratios, which is more of a screening note than a company-specific catalyst. Bet on 5 Top-Ranked Stocks With Rising P/E for a Strong Portfolio
- Negative Sentiment: Multiple insider sales by CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may create some concern about management trimming exposure, even though the sales were relatively small versus their overall holdings. CEO insider sale filing
Global-e Online Company Profile
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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