Shahar Tamari Sells 8,792 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,792 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $31.55, for a total value of $277,387.60. Following the completion of the transaction, the chief operating officer owned 4,025,083 shares of the company’s stock, valued at $126,991,368.65. This trade represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $279,905.47.
• On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The shares were 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 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 stock was 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 stock was sold at an average price of $31.20, for a total value of $259,989.60.

Global-e Online Stock Performance

GLBE stock opened at $32.38 on Wednesday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 49.82 and a beta of 1.16. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The stock has a fifty day moving average of $31.03 and a 200-day moving average of $34.72.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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%.The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. BMO Capital Markets began coverage on Global-e Online in a report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price target on the stock. Bank of America began coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price target on the stock. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.92.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Global-e Online by 90.1% in the 1st quarter. Bank of America Corp DE now owns 330,418 shares of the company’s stock valued at $10,193,000 after acquiring an additional 156,641 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Global-e Online by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after buying an additional 91,384 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Global-e Online by 2.8% during the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after buying an additional 996 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Global-e Online during the 1st quarter valued at about $1,144,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Global-e Online by 4.7% during the 1st quarter. Lazard Asset Management LLC now owns 98,748 shares of the company’s stock valued at $3,046,000 after buying an additional 4,428 shares in the last quarter. Hedge funds and other institutional investors 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.