Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) COO Shahar Tamari sold 14,556 shares of Global-e Online stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $32.23, for a total value of $469,139.88. Following the completion of the transaction, the chief operating officer owned 4,002,653 shares of the company’s stock, valued at approximately $129,005,506.19. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The stock was sold at an average price of $31.55, for a total value of $277,387.60.
- On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total value of $260,550.66.
- On Monday, June 1st, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.59, for a total value of $279,905.47.
- On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The shares were sold at an average price of $30.26, for a total value of $102,490.62.
- On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The shares were sold at an average price of $30.02, for a total value of $148,478.92.
- On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $32.45, for a total value of $270,405.85.
- On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $171,581.40.
- On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The stock was sold at an average price of $34.79, for a total value of $902,765.71.
- On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value of $143,147.34.
- On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total value of $129,265.82.
Global-e Online Stock Performance
Shares of GLBE opened at $32.84 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 50.52 and a beta of 1.16. The firm has a fifty day moving average of $31.32 and a 200-day moving average of $34.42.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets began coverage on Global-e Online in a research note on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.33.
Read Our Latest Research Report on GLBE
Institutional Trading of Global-e Online
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of 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 buying an additional 156,641 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Global-e Online by 4.0% during the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after buying an additional 91,384 shares in the last quarter. Royal Bank of Canada boosted its stake in 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 in the last quarter. Empowered Funds LLC acquired a new position in Global-e Online during the first quarter worth about $1,144,000. Finally, Lazard Asset Management LLC grew its holdings in Global-e Online by 4.7% during the first quarter. Lazard Asset Management LLC now owns 98,748 shares of the company’s stock worth $3,046,000 after acquiring an additional 4,428 shares during the period. 94.60% of the stock is currently 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.
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