Global-e Online (NASDAQ:GLBE) CEO Sells $143,345.88 in Stock

Key Points

• Amir Schlachet, Global‑e Online's CEO, sold 4,332 shares on April 15 at an average price of $33.09 for $143,345.88, trimming his holding by 0.11% to 4,001,216 shares valued at about $132.4 million.
• GLBE shares were trading up 5.9% at about $33.30; the company has a market cap of $5.65 billion and a high trailing P/E of 90, with analysts showing a "Moderate Buy" consensus and a $47.58 average price target while institutional ownership is roughly 94.6%.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 4,332 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.09, for a total value of $143,345.88. Following the completion of the transaction, the chief executive officer directly owned 4,001,216 shares in the company, valued at approximately $132,400,237.44. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total transaction of $129,072.26.
• On Thursday, April 2nd, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $30.94, for a total transaction of $257,823.02.
• On Tuesday, March 17th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $34.45, for a total transaction of $574,143.70.

Global-e Online Trading Up 5.9%

NASDAQ:GLBE opened at $33.30 on Thursday. Global-e Online Ltd. has a twelve month low of $27.80 and a twelve month high of $43.21. The company's 50 day moving average is $32.95 and its two-hundred day moving average is $35.82. The company has a market cap of $5.65 billion, a PE ratio of 90.00 and a beta of 1.28.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently modified their holdings of the business. Vitruvian Partners LLP boosted its holdings in shares of Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company's stock valued at $6,167,000 after acquiring an additional 32,405 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Global-e Online by 16.1% during the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company's stock worth $4,564,000 after acquiring an additional 17,676 shares in the last quarter. Annex Advisory Services LLC boosted its position in Global-e Online by 64.4% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Global-e Online by 50.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company's stock valued at $27,714,000 after purchasing an additional 260,000 shares during the last quarter. Finally, NZS Capital LLC raised its stake in shares of Global-e Online by 39.3% during the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company's stock worth $33,995,000 after buying an additional 268,328 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on GLBE. KeyCorp reduced their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Zacks Research upgraded Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Friday, December 19th. Benchmark raised their target price on Global-e Online from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. UBS Group reduced their price target on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Global-e Online currently has an average rating of "Moderate Buy" and a consensus price target 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.

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