Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 2,110 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 2,110 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $32.51, for a total value of $68,596.10. Following the completion of the transaction, the chief operating officer directly owned 4,000,543 shares in the company, valued at $130,057,652.93. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shahar Tamari also recently made the following trade(s):

• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The shares were sold at an average price of $32.23, for a total value of $469,139.88.
• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were 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 transaction 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 transaction 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 transaction of $102,490.62.
• On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The stock was sold at an average price of $30.02, for a total transaction of $148,478.92.
• On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $33.09, for a total value of $143,147.34.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $31.51 on Tuesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The business has a 50-day moving average of $31.34 and a 200-day moving average of $34.31. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 48.48 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. Research analysts expect that Global-e Online Ltd. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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 research report on Wednesday, June 10th. BMO Capital Markets began coverage on shares of Global-e Online in a research note on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target on the stock. Morgan Stanley cut their price objective on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Institutional Investors Weigh In On Global-e Online

A number of institutional investors have recently modified their holdings of GLBE. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online in the fourth quarter worth about $39,000. IFP Advisors Inc grew its holdings in shares of 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 purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Global-e Online in the 4th quarter worth approximately $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.