Global-e Online (NASDAQ:GLBE) CEO Sells $55,053.72 in Stock

Key Points

• CEO Amir Schlachet sold 1,308 Global-e Online shares for approximately $55,054, reducing his stake by 0.03% to 4.07 million shares. The sale follows several other insider sales totaling millions of dollars since May.
• Global-e shares traded at $40.62, near their 12-month high of $42.38, with a market capitalization of $6.89 billion and a P/E ratio of 62.53.
• Wall Street remains broadly positive: 13 analysts rate the stock a Buy, with a consensus “Moderate Buy” rating and an average price target of $44.83. Institutional investors own 94.6% of the company.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 1,308 shares of Global-e Online stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $42.09, for a total value of $55,053.72. Following the sale, the chief executive officer owned 4,065,422 shares of the company's stock, valued at approximately $171,113,611.98. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction 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 transaction 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 transaction 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 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 Price Performance

GLBE traded down $0.95 during trading on Thursday, hitting $40.62. The company's stock had a trading volume of 484,029 shares, compared to its average volume of 1,563,601. The firm's 50 day moving average price is $35.50 and its 200-day moving average price is $33.78. The stock has a market cap of $6.89 billion, a PE ratio of 62.53 and a beta of 1.03. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $42.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of 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 acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Global-e Online by 67.2% during the first 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. California State Teachers Retirement System boosted its holdings in Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company's stock worth $4,564,000 after purchasing an additional 533 shares during the last quarter. Main Management ETF Advisors LLC grew its position in Global-e Online by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company's stock valued at $2,062,000 after purchasing an additional 536 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Global-e Online by 8.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company's stock valued at $286,000 after purchasing an additional 631 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Needham & Company LLC restated a "buy" rating on shares of Global-e Online in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Global-e Online from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Benchmark reissued a "buy" rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, BMO Capital Markets boosted their target price on shares of Global-e Online from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Global-e Online presently has an average rating of "Moderate Buy" and a consensus price target of $44.83.

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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