Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells 1,022 Shares of Stock

Key Points

• CEO Amir Schlachet sold 1,022 shares on May 6 at $31.27 for about $31,958, part of a series of insider sales since mid‑March that total roughly $2.0 million; he still owns 3,974,078 shares valued at about $124.3 million, and the May 6 trade reduced his stake by 0.03%.
• GLBE shares rose 4.7% to $32.68, with a market capitalization of $5.55 billion, a P/E of 88.34, and a 52‑week range of $27.80–$43.21.
• Institutional investors own 94.6% of the stock, and analysts have an average "Buy" consensus with a $46.77 price target.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) CEO Amir Schlachet sold 1,022 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $31.27, for a total transaction of $31,957.94. Following the completion of the transaction, the chief executive officer owned 3,974,078 shares in the company, valued at $124,269,419.06. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The shares were sold at an average price of $31.68, for a total transaction of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.65, for a total transaction of $560,810.90.
• On Wednesday, April 15th, Amir Schlachet sold 4,332 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction 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 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 Stock Up 4.7%

GLBE traded up $1.46 on Thursday, reaching $32.68. The company's stock had a trading volume of 1,665,156 shares, compared to its average volume of 1,467,138. The stock has a 50 day moving average of $32.70 and a two-hundred day moving average of $35.56. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 88.34 and a beta of 1.18. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21.

Institutional Trading of Global-e Online

Hedge funds have recently added to or reduced their stakes in the business. Vitruvian Partners LLP boosted its stake in Global-e Online by 23.1% in the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company's stock worth $6,167,000 after buying an additional 32,405 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Global-e Online by 16.1% in the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company's stock worth $4,564,000 after buying an additional 17,676 shares during the last quarter. Annex Advisory Services LLC boosted its stake in Global-e Online by 64.4% in the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company's stock worth $25,159,000 after buying an additional 250,625 shares during the last quarter. NZS Capital LLC boosted its stake in Global-e Online by 39.3% in 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. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Global-e Online by 50.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company's stock worth $27,714,000 after buying an additional 260,000 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GLBE has been the subject of several research analyst reports. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a research report on Sunday, March 29th. BMO Capital Markets began coverage on Global-e Online in a research report on Tuesday, April 21st. They issued an "outperform" rating and a $42.00 price target for the company. UBS Group dropped their price target on Global-e Online from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. Bank of America began coverage on Global-e Online in a research report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price target for the company. Finally, KeyCorp dropped their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Two equities research analysts have 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 MarketBeat.com, Global-e Online has an average rating of "Buy" and a consensus price target of $46.77.

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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