Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77. Following the completion of the sale, the chief executive officer owned 4,066,730 shares in the company, valued at $167,671,277.90. This trade represents a 0.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
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 shares were sold at an average price of $42.09, for a total value of $55,053.72.
- 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 stock was 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 stock was 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 shares were sold at an average price of $33.58, for a total value 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 value 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.
- 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 transaction of $200,995.30.
Global-e Online Stock Performance
Shares of Global-e Online stock opened at $42.32 on Friday. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $42.51. The company has a fifty day moving average of $35.96 and a 200-day moving average of $33.87. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 65.11 and a beta of 1.03.
Hedge Funds Weigh In On Global-e Online
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on GLBE. Truist Financial raised their price objective on Global-e Online from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley decreased their price target on 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 reissued a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.83.
Check Out Our Latest Research Report on GLBE
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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