Amir Schlachet Sells 1,308 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 1,308 shares of the firm’s 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 directly owned 4,065,422 shares of the company’s stock, valued at $171,113,611.98. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were 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 shares were 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 Stock Up 3.2%

Shares of GLBE opened at $42.32 on Friday. The company’s fifty day moving average is $35.96 and its 200-day moving average is $33.87. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $42.51. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 65.11 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GLBE. Wasatch Advisors LP grew its position in shares of Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after purchasing an additional 2,387,242 shares during the period. Contour Asset Management LLC lifted its position in shares of Global-e Online by 4.6% during the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after purchasing an additional 211,034 shares during the last quarter. Arohi Asset Management PTE Ltd. lifted its position in shares of Global-e Online by 0.6% during the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after purchasing an additional 23,213 shares during the last quarter. Finally, Brown Capital Management LLC boosted its stake in Global-e Online by 0.6% during the 4th quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company’s stock valued at $94,535,000 after purchasing an additional 15,014 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GLBE. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler reiterated an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a research note on Wednesday, July 29th. BMO Capital Markets increased their price objective on Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.

About Global-e Online

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.