Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $38.24, for a total value of $955,961.76. Following the sale, the chief executive officer directly owned 3,716,732 shares in the company, valued at approximately $142,127,831.68. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Amir Schlachet also recently made the following trade(s):
- On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The shares were sold at an average price of $42.10, for a total value of $4,210,000.00.
- On Friday, August 14th, Amir Schlachet sold 81,556 shares of Global-e Online stock. The shares were sold at an average price of $42.30, for a total value of $3,449,818.80.
- On Wednesday, August 12th, Amir Schlachet sold 16,814 shares of Global-e Online stock. The shares were sold at an average price of $42.41, for a total value of $713,081.74.
- On Monday, August 10th, Amir Schlachet sold 322 shares of Global-e Online stock. The stock was sold at an average price of $42.07, for a total value of $13,546.54.
- 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 value of $4,220,000.00.
- 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 Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $36.21, for a total transaction 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.
Global-e Online Price Performance
GLBE traded down $0.62 during trading on Thursday, hitting $38.18. The company had a trading volume of 616,188 shares, compared to its average volume of 1,551,072. The company has a market cap of $6.48 billion, a PE ratio of 44.43 and a beta of 1.00. The business has a 50-day moving average of $38.69 and a 200-day moving average of $34.46. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of GLBE. California State Teachers Retirement System raised its holdings in shares of Global-e Online by 3,399.9% during the second quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after buying an additional 3,950,515 shares during the last quarter. Wasatch Advisors LP increased its position in Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after acquiring an additional 2,392,124 shares during the period. Price T Rowe Associates Inc. MD increased its position in Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC raised its stake in Global-e Online by 1,539.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock valued at $89,213,000 after acquiring an additional 2,131,047 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after acquiring an additional 2,037,962 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on GLBE shares. Loop Capital set a $49.00 price target on Global-e Online in a research note on Wednesday, August 12th. UBS Group set a $54.00 price objective on Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Global-e Online in a report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Global-e Online in a report on Tuesday. Finally, Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.69.
Get Our Latest Analysis 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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