Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 3,387 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 3,387 shares of Global-e Online stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.26, for a total value of $102,490.62. Following the sale, the chief operating officer owned 4,042,208 shares in the company, valued at $122,317,214.08. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The shares were sold at an average price of $30.02, for a total value 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 shares were sold at an average price of $33.06, for a total value of $171,581.40.
• On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The shares were 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 value of $143,147.34.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total value of $129,265.82.
• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $31.20, for a total value of $259,989.60.
• On Wednesday, March 18th, Shahar Tamari sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Stock Down 0.9%

NASDAQ GLBE opened at $29.68 on Wednesday. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The firm has a market capitalization of $5.04 billion, a PE ratio of 45.66 and a beta of 1.18. The stock’s 50 day moving average is $31.16 and its 200 day moving average is $35.02.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vitruvian Partners LLP raised its stake in shares of Global-e Online by 23.1% in the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after purchasing an additional 32,405 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Global-e Online by 64.4% in the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after purchasing an additional 250,625 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Global-e Online by 16.1% in the third quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after purchasing an additional 17,676 shares during the last quarter. NZS Capital LLC raised its stake in shares of Global-e Online by 39.3% in the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock worth $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Finally, Brown Capital Management LLC raised its stake in shares of Global-e Online by 10.0% in the third quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company’s stock worth $85,461,000 after purchasing an additional 216,304 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

GLBE has been the topic of several analyst reports. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Benchmark boosted their target price on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Bank of America initiated coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.17.

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.