Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.34, for a total value of $555,644.44. Following the sale, the chief executive officer directly owned 4,216,724 shares of the company’s stock, valued at approximately $140,585,578.16. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Amir Schlachet also recently made the following trade(s):
- On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total value of $279,822.14.
- 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 value of $574,143.70.
Global-e Online Price Performance
Shares of GLBE stock opened at $32.13 on Friday. The stock has a market capitalization of $5.45 billion, a PE ratio of 49.43 and a beta of 1.16. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The business has a 50-day moving average of $30.94 and a 200 day moving average of $34.78.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GLBE. IFP Advisors Inc grew its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online during the 4th quarter worth approximately $39,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on GLBE shares. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research report 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. Finally, Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.92.
Get 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.
Read More
- Five stocks we like better than Global-e Online
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.
