Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 8,333 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 8,333 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $30.94, for a total transaction of $257,823.02. Following the transaction, the chief executive officer directly owned 3,596,454 shares of the company’s stock, valued at $111,274,286.76. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amir Schlachet also recently made the following trade(s):

• On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $34.45, for a total transaction of $574,143.70.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $30.75 on Thursday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 83.11 and a beta of 1.28. The company has a 50 day moving average price of $33.38 and a 200 day moving average price of $36.02. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online during the 4th quarter worth $39,000. IFP Advisors Inc grew its position in 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 purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. grew its position in 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 purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its position in 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 purchasing an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Global-e Online during the 4th quarter worth $72,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLBE has been the subject of several recent research reports. Benchmark raised their price target on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. KeyCorp decreased their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Bank of America initiated coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.58.

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.