Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 15,235 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 15,235 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $35.13, for a total value of $535,205.55. Following the completion of the transaction, the chief operating officer owned 3,985,308 shares in the company, valued at $140,003,870.04. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The shares were sold at an average price of $36.02, for a total value of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The shares were sold at an average price of $32.51, for a total value of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The stock was 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 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 shares were 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 shares were 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 stock was sold at an average price of $32.45, for a total transaction 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 transaction of $171,581.40.

Global-e Online Stock Performance

GLBE opened at $35.71 on Tuesday. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 54.94 and a beta of 1.16. The company has a fifty day moving average of $31.61 and a 200 day moving average of $34.12. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) EPS. On average, equities research analysts forecast that Global-e Online Ltd. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

GLBE has been the subject of several research analyst reports. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. BMO Capital Markets initiated coverage on Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised 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 purchasing an additional 448 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online in the 4th quarter valued at approximately $39,000. Geneos Wealth Management Inc. boosted its holdings in shares of Global-e Online by 67.2% in 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 boosted its holdings in shares of Global-e Online by 780.7% in 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 position in shares of Global-e Online during the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.