Amir Schlachet Sells 24,999 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $37.09, for a total value of $927,212.91. Following the transaction, the chief executive officer owned 4,116,728 shares in the company, valued at $152,689,441.52. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value of $2,112,165.51.
• On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total value 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 value 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.
• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The shares were sold at an average price of $32.45, for a total transaction of $200,995.30.
• On Wednesday, May 6th, Amir Schlachet sold 1,022 shares of Global-e Online stock. The shares were sold at an average price of $31.27, for a total transaction of $31,957.94.
• On Tuesday, May 5th, Amir Schlachet sold 9,450 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $33.09, for a total value of $143,345.88.

Global-e Online Stock Down 1.0%

NASDAQ:GLBE opened at $36.92 on Wednesday. The business’s 50-day simple moving average is $32.09 and its two-hundred day simple moving average is $33.99. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The stock has a market cap of $6.27 billion, a PE ratio of 56.80 and a beta of 1.06.

Wall Street Analyst Weigh In

Several research firms have weighed in on GLBE. Benchmark restated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $39.00 in a report on Wednesday, June 10th. Morgan Stanley cut their target price on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Key Stories Impacting Global-e Online

Here are the key news stories impacting Global-e Online this week:

• Negative Sentiment: CEO Amir Schlachet sold 24,999 shares for about $927,000, adding to earlier insider selling in late June and signaling that management has been trimming positions. CEO Amir Schlachet insider sale filing
• Negative Sentiment: COO Shahar Tamari also sold 24,999 shares for about $920,000, reinforcing the recent insider-selling trend and potentially weighing on sentiment toward GLBE. COO Shahar Tamari insider sale filing
• Negative Sentiment: President Nir Debbi sold 8,332 shares earlier in the week, adding another data point to the pattern of executive selling that traders may interpret as a negative near-term signal. President Nir Debbi insider sale filing
• Neutral Sentiment: Despite the insider activity, Global-e Online remains above its key moving averages and still carries a generally constructive analyst backdrop, which may help cushion downside concerns.

Hedge Funds Weigh In On Global-e Online

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online during the 4th quarter valued at $39,000. IFP Advisors Inc increased its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares during the last quarter. Geneos Wealth Management Inc. increased its position 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 valued at $47,000 after acquiring an additional 528 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Global-e Online in the fourth quarter valued at $72,000. Institutional investors own 94.60% of the company’s stock.

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.