Shahar Tamari Sells 2,110 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 2,110 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $32.51, for a total value of $68,596.10. Following the completion of the transaction, the chief operating officer directly owned 4,000,543 shares of the company’s stock, valued at $130,057,652.93. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The shares were 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 transaction 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 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 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 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 shares were sold at an average price of $32.45, for a total value of $270,405.85.
• On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $171,581.40.
• On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The stock was sold at an average price of $34.79, for a total value of $902,765.71.
• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction of $143,147.34.

Global-e Online Price Performance

Shares of NASDAQ GLBE traded down $1.33 during mid-day trading on Monday, hitting $31.51. The company had a trading volume of 1,696,196 shares, compared to its average volume of 1,594,552. The company has a market capitalization of $5.35 billion, a PE ratio of 48.48 and a beta of 1.16. The business’s 50-day simple moving average is $31.32 and its 200 day simple moving average is $34.38. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online during the 4th quarter valued at $39,000. IFP Advisors Inc raised its position in Global-e Online by 73.3% in 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. Geneos Wealth Management Inc. raised its position in 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 during the period. Tower Research Capital LLC TRC lifted its stake in shares of Global-e Online by 780.7% during the second 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Global-e Online during the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GLBE shares. UBS Group dropped their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Truist Financial upgraded Global-e Online from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $39.00 in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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.