Global-e Online (NASDAQ:GLBE) CEO Sells $560,810.90 in Stock

Key Points

• CEO Amir Schlachet sold 16,666 shares on April 16 at an average price of $33.65 for $560,810.90, reducing his stake by 0.42% to 3,984,550 shares valued at about $134.08 million.
• This sale is part of a series of recent insider disposals (April 2, April 8, April 15 and March 17), totaling roughly $1.66 million and suggesting a pattern of liquidity-taking by the CEO.
• Market context: GLBE has a market cap of $5.72 billion, a P/E of 91.11 and a 12‑month range of $27.80–$43.21; analysts give an average rating of “Moderate Buy” with a $47.58 target, and institutional investors hold about 94.6% of the stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 16,666 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $33.65, for a total transaction of $560,810.90. Following the sale, the chief executive officer owned 3,984,550 shares in the company, valued at $134,080,107.50. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total value of $143,345.88.
• On Wednesday, April 8th, Amir Schlachet sold 4,001 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total value of $129,072.26.
• 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 shares were sold at an average price of $34.45, for a total transaction of $574,143.70.

Global-e Online Trading Up 1.2%

GLBE opened at $33.71 on Friday. The business's 50-day moving average price is $32.99 and its 200-day moving average price is $35.81. Global-e Online Ltd. has a 12 month low of $27.80 and a 12 month high of $43.21. The company has a market cap of $5.72 billion, a P/E ratio of 91.11 and a beta of 1.28.

Wall Street Analyst Weigh In

GLBE has been the topic of several research analyst reports. KeyCorp cut their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th. Benchmark raised their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Weiss Ratings raised Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, March 27th. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, UBS Group lowered their target price on Global-e Online from $52.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $47.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GLBE. Wasatch Advisors LP boosted its stake in shares of Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock worth $114,847,000 after buying an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 acquiring an additional 2,387,242 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company's stock valued at $89,213,000 after acquiring an additional 2,131,047 shares during the period. Dragoneer Investment Group LLC lifted its holdings in Global-e Online by 18.2% in the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company's stock valued at $425,082,000 after acquiring an additional 1,831,063 shares during the period. Finally, Arohi Asset Management PTE Ltd. boosted its position in Global-e Online by 91.0% in the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company's stock worth $94,680,000 after purchasing an additional 1,345,156 shares during the last quarter. 94.60% of the stock is owned by institutional investors.

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.

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.