Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 24,999 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $41.63, for a total transaction of $1,040,708.37. Following the completion of the transaction, the chief operating officer owned 3,856,689 shares in the company, valued at $160,553,963.07. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.59, for a total transaction of $1,039,708.41.
• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $36.81, for a total transaction of $920,213.19.
• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The stock was sold at an average price of $35.13, for a total transaction 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 transaction 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 transaction 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 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 shares were sold at an average price of $33.59, for a total value of $279,905.47.

Global-e Online Stock Down 1.7%

Shares of GLBE opened at $39.86 on Tuesday. The company has a market cap of $6.77 billion, a P/E ratio of 46.35 and a beta of 1.03. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm’s 50 day moving average price is $37.82 and its 200 day moving average price is $34.17.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Research analysts forecast that Global-e Online Ltd. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GLBE. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. BMO Capital Markets raised their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Citigroup reissued a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Morgan Stanley increased their target price on Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.23.

Hedge Funds Weigh In On Global-e Online

Several hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in shares of Global-e Online by 3,399.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after purchasing an additional 3,950,515 shares during the period. Wasatch Advisors LP grew its holdings in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after acquiring an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Global-e Online by 68.5% during the 4th 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 period. Janus Henderson Group PLC lifted its stake in Global-e Online by 1,539.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after purchasing an additional 2,131,047 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares during the last quarter. Institutional investors and hedge funds 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.