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 stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.59, for a total transaction of $1,039,708.41. Following the sale, the chief operating officer directly owned 3,881,688 shares of the company’s stock, valued at $161,439,403.92. This represents 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 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 stock was 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 transaction 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 transaction 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 stock was sold at an average price of $30.02, for a total value of $148,478.92.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $42.32 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $42.51. The business’s 50-day moving average is $35.96 and its 200-day moving average is $33.87. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 65.11 and a beta of 1.03.

Institutional Investors Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently modified their holdings of GLBE. Annex Advisory Services LLC raised its position in shares of Global-e Online by 37.8% during the second quarter. Annex Advisory Services LLC now owns 88,076 shares of the company’s stock worth $3,059,000 after purchasing an additional 24,179 shares during the period. Wasatch Advisors LP grew 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 period. Handelsbanken Fonder AB increased its stake in Global-e Online by 38.0% during the 2nd 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 in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after buying an additional 631 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Global-e Online by 39.1% during the second quarter. Moody National Bank Trust Division now owns 43,765 shares of the company’s stock worth $1,520,000 after buying an additional 12,300 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLBE shares. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets lifted their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $40.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Finally, Morgan Stanley decreased their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

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.