Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells 24,999 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $36.81, for a total value of $920,213.19. Following the transaction, the chief operating officer directly owned 3,931,686 shares in the company, valued at $144,725,361.66. The trade was a 0.63% 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 Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were sold at an average price of $35.13, for a total value of $535,205.55.
• 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 stock was 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 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 shares were 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 stock was 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.

Global-e Online Stock Up 1.2%

Shares of GLBE stock opened at $37.31 on Tuesday. The firm has a 50 day moving average of $31.98 and a 200-day moving average of $34.01. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 57.40 and a beta of 1.06. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Morgan Stanley dropped 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 research note on Thursday, May 14th. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Global-e Online currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Hedge Funds Weigh In On Global-e Online

Large investors have recently modified their holdings of the business. IFP Advisors Inc lifted its position 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 worth $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Global-e Online by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock valued at $4,564,000 after purchasing an additional 533 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in shares of Global-e Online by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after purchasing an additional 536 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online during the 4th quarter worth about $39,000. Hedge funds and other 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.