Amir Schlachet Sells 4,001 Shares of Global-e Online (NASDAQ:GLBE) Stock

Key Points

• Amir Schlachet sold 4,001 shares of Global‑e on April 8 at an average price of $32.26 for about $129,072, leaving him with ~4,005,548 shares (a 0.10% decrease) and the trade was executed under a Rule 10b5‑1 plan.
• Schlachet also sold 8,333 shares on April 2 (~$257,823) and 16,666 shares on March 17 (~$574,144), showing a recent pattern of insider dispositions.
• Global‑e has a market cap of roughly $5.19B, a P/E of 82.74, and Wall Street consensus rates the stock a "Moderate Buy" with a consensus target price of $47.58.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 4,001 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $32.26, for a total value of $129,072.26. Following the completion of the transaction, the chief executive officer directly owned 4,005,548 shares in the company, valued at $129,218,978.48. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $34.45, for a total value of $574,143.70.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded up $0.14 during trading on Friday, hitting $30.58. The company had a trading volume of 126,876 shares, compared to its average volume of 1,528,143. The stock has a 50 day simple moving average of $33.26 and a 200 day simple moving average of $35.98. Global-e Online Ltd. has a 12 month low of $27.80 and a 12 month high of $43.21. The firm has a market capitalization of $5.19 billion, a P/E ratio of 82.74 and a beta of 1.28.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GLBE shares. UBS Group lowered their target price on shares of Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Piper Sandler restated an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Benchmark lifted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Global-e Online from a "hold" rating to a "buy" rating in a research note on Sunday, March 29th. Finally, Weiss Ratings upgraded shares of Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC grew its position in shares of Global-e Online by 18.2% during the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company's stock valued at $425,082,000 after purchasing an additional 1,831,063 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock valued at $230,842,000 after purchasing an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC grew its position in shares of Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company's stock valued at $190,342,000 after purchasing an additional 211,034 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Global-e Online by 40.0% during the fourth quarter. Wasatch Advisors LP now owns 4,821,106 shares of the company's stock valued at $189,518,000 after purchasing an additional 1,378,035 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. grew its position in shares of Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock valued at $148,604,000 after purchasing an additional 23,213 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.