Global-e Online (NASDAQ:GLBE) CEO Amir Schlachet Sells 322 Shares

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 322 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.07, for a total value of $13,546.54. Following the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value 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 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 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 transaction 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 shares were 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 transaction of $241,657.00.

Global-e Online Trading Down 0.7%

Shares of NASDAQ:GLBE opened at $40.86 on Wednesday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 62.86 and a beta of 1.03. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $42.51. The firm’s 50-day moving average is $36.26 and its 200 day moving average is $33.91.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GLBE shares. Benchmark reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, August 5th. Truist Financial boosted their target price on shares of Global-e Online from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Morgan Stanley cut their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.83.

Hedge Funds Weigh In On Global-e Online

A number of large investors have recently bought and sold shares of GLBE. Legal & General Group Plc raised its position in shares of Global-e Online by 105.3% in the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after acquiring an additional 296,466 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Global-e Online by 64.4% during the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock valued at $25,159,000 after buying an additional 250,625 shares during the last quarter. Vitruvian Partners LLP boosted its holdings in shares of Global-e Online by 21.9% in the 4th quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after buying an additional 37,767 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Global-e Online in the 1st quarter worth approximately $1,144,000. Finally, Handelsbanken Fonder AB raised its stake in shares of Global-e Online by 51.7% during the 4th quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after acquiring an additional 38,869 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

About Global-e Online

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.