Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) CEO Amir Schlachet sold 24,999 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $39.14, for a total transaction of $978,460.86. Following the completion of the sale, the chief executive officer owned 3,666,734 shares of the company’s stock, valued at approximately $143,515,968.76. This represents a 0.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Amir Schlachet also recently made the following trade(s):
- On Thursday, September 17th, Amir Schlachet sold 12,856 shares of Global-e Online stock. The shares were sold at an average price of $37.38, for a total transaction of $480,557.28.
- On Thursday, September 17th, Amir Schlachet sold 12,143 shares of Global-e Online stock. The stock was sold at an average price of $38.28, for a total value of $464,834.04.
- On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.24, for a total value of $955,961.76.
- On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was 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 stock was 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 transaction 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 transaction of $1,030,708.77.
Global-e Online Price Performance
Shares of GLBE opened at $39.76 on Tuesday. The company’s 50-day moving average is $39.58 and its 200-day moving average is $35.15. The firm has a market capitalization of $6.75 billion, a PE ratio of 46.23 and a beta of 0.98. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GLBE. MCF Advisors LLC raised its position in Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the last quarter. Bienville Capital Management LLC acquired a new position in Global-e Online in the 2nd quarter valued at approximately $13,021,000. Keenan Capital LLC raised its stake in shares of Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after acquiring an additional 90,000 shares during the last quarter. Spyglass Capital Management LLC raised its stake in shares of Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares during the period. Institutional investors own 94.60% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on GLBE shares. Piper Sandler reiterated an “overweight” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $48.00 price target on shares of Global-e Online in a research report on Wednesday, August 12th. Weiss Ratings raised Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, BMO Capital Markets upped their target price on Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Global-e Online has a consensus rating of “Moderate Buy” and an average price target of $47.69.
Get Our Latest Stock Report on Global-e Online
About Global-e Online
Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.
The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.
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