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

Key Points

• CEO Amir Schlachet sold 322 Global-e Online shares at an average price of $42.07, generating $13,546.54. He still directly owns approximately 3.97 million shares valued at about $166.8 million.
• The transaction follows several larger insider sales, including 100,000 shares sold on August 7 for $4.22 million, indicating continued insider selling activity.
• GLBE shares rose 0.3% to $41.28, near their 12-month high of $42.51. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $44.83.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 322 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $42.07, for a total value of $13,546.54. Following the completion of the transaction, the chief executive officer directly owned 3,965,100 shares of the company's stock, valued at approximately $166,811,757. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 value of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The stock was 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 shares were 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 stock was sold at an average price of $33.34, for a total value 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 value of $241,657.00.

Global-e Online Trading Up 0.3%

Shares of GLBE traded up $0.13 on Tuesday, reaching $41.28. The company's stock had a trading volume of 899,047 shares, compared to its average volume of 1,570,895. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $42.51. The firm has a fifty day moving average of $36.10 and a 200-day moving average of $33.88. The stock has a market capitalization of $7.01 billion, a PE ratio of 63.57 and a beta of 1.03.

Wall Street Analyst Weigh In

GLBE has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Global-e Online from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an "accumulate" rating in a research note on Wednesday, May 27th. Piper Sandler restated an "overweight" rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Finally, Benchmark reissued a "buy" rating on shares of Global-e Online in a research note on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Institutional Inflows and Outflows

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

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.

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