Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 322 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.07, for a total transaction of $13,546.54. Following the completion of the transaction, the chief executive officer owned 3,965,100 shares in the company, valued at $166,811,757. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 transaction 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 shares were 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 value 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 value 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 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 value of $241,657.00.
Global-e Online Stock Performance
Shares of Global-e Online stock traded up $0.13 during trading hours on Tuesday, hitting $41.28. The company’s stock had a trading volume of 899,047 shares, compared to its average volume of 1,570,895. The company has a market cap of $7.01 billion, a PE ratio of 63.57 and a beta of 1.03. The business has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $33.88. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $42.51.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on GLBE
Institutional Trading of Global-e Online
Several hedge funds have recently made changes to their positions in GLBE. IFP Advisors Inc lifted its holdings 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 acquiring an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online during the fourth quarter worth approximately $39,000. Geneos Wealth Management Inc. raised its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online during the 4th quarter valued at approximately $72,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
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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