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

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $38.03, for a total value of $950,711.97. Following the completion of the transaction, the chief operating officer owned 3,806,691 shares in the company, valued at approximately $144,768,458.73. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.41, for a total value of $960,211.59.
• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.63, for a total transaction of $1,040,708.37.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was 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 shares were 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.

Global-e Online Stock Performance

Global-e Online stock traded up $1.94 during trading on Tuesday, reaching $41.63. 784,588 shares of the company’s stock were exchanged, compared to its average volume of 1,553,462. The company’s 50-day moving average is $38.95 and its two-hundred day moving average is $34.78. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 48.41 and a beta of 1.00.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial upped their price target on Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Weiss Ratings raised shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Benchmark restated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.69.

Institutional Trading of Global-e Online

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its position in Global-e Online by 105.3% in the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after buying an additional 296,466 shares during the period. Empowered Funds LLC acquired a new stake in shares of Global-e Online in the 1st quarter worth about $1,144,000. Wasatch Advisors LP lifted its position in Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Global-e Online by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock valued at $6,077,000 after purchasing an additional 48,145 shares during the period. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Global-e Online in the second quarter valued at approximately $5,974,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.