Amir Schlachet Sells 58,331 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 58,331 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $36.21, for a total value of $2,112,165.51. Following the transaction, the chief executive officer directly owned 4,141,727 shares in the company, valued at approximately $149,971,934.67. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 value of $555,644.44.
• On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $29.00, for a total value of $241,657.00.
• On Thursday, May 7th, Amir Schlachet sold 6,194 shares of Global-e Online stock. The stock was 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 shares were sold at an average price of $31.68, for a total value of $299,376.00.
• On Thursday, April 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was 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.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE opened at $36.92 on Wednesday. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 56.80 and a beta of 1.06. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The company has a 50 day moving average price of $32.09 and a 200 day moving average price of $33.99.

Global-e Online News Summary

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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLBE. Moody National Bank Trust Division increased its position in Global-e Online by 39.1% during the second quarter. Moody National Bank Trust Division now owns 43,765 shares of the company’s stock worth $1,520,000 after acquiring an additional 12,300 shares during the period. Bank of America Corp DE grew its position in Global-e Online by 90.1% in the 1st quarter. Bank of America Corp DE now owns 330,418 shares of the company’s stock worth $10,193,000 after purchasing an additional 156,641 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after purchasing an additional 91,384 shares during the period. Royal Bank of Canada raised its position in shares of Global-e Online by 2.8% during the first quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after buying an additional 996 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Global-e Online in the first quarter valued at about $1,144,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on GLBE. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. UBS Group dropped their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Bank of America assumed coverage on Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.33.

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.