Shahar Tamari Sells 16,666 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 16,666 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $33.81, for a total transaction of $563,477.46. Following the sale, the chief operating officer directly owned 3,419,745 shares of the company’s stock, valued at approximately $115,621,578.45. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Global-e Online Stock Performance

Shares of GLBE stock opened at $32.34 on Friday. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $43.21. The stock has a market cap of $5.49 billion, a PE ratio of 87.41 and a beta of 1.24. The firm’s 50 day moving average price is $35.26 and its two-hundred day moving average price is $36.46.

Institutional Investors Weigh In On Global-e Online

Institutional investors have recently bought and sold shares of the company. North Peak Capital Management LLC bought a new position in shares of Global-e Online during the 2nd quarter worth approximately $88,481,000. Wasatch Advisors LP boosted its holdings in Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after purchasing an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Marshall Wace LLP grew its position in Global-e Online by 182.0% in the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after purchasing an additional 2,359,435 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock valued at $89,213,000 after purchasing an additional 2,131,047 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GLBE shares. Truist Financial reduced their price target on Global-e Online from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, Bank of America reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

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.