Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 27,957 Shares of Company Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 27,957 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.48, for a total value of $1,243,527.36. Following the completion of the transaction, the chief operating officer owned 3,728,736 shares of the company’s stock, valued at $165,854,177.28. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, November 5th, Shahar Tamari sold 271 shares of Global-e Online stock. The stock was sold at an average price of $45.04, for a total value of $12,205.84.
• On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.54, for a total value of $988,460.46.
• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.87, for a total value of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.03, for a total value of $950,711.97.
• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $41.63, for a total transaction of $1,040,708.37.

Global-e Online Trading Down 1.2%

GLBE traded down $0.52 during trading on Friday, reaching $42.81. 313,375 shares of the company’s stock were exchanged, compared to its average volume of 1,529,227. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The stock has a market capitalization of $7.27 billion, a PE ratio of 49.78 and a beta of 1.10. The firm has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $35.80.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Global-e Online by 58.5% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $38,000 after acquiring an additional 354 shares during the period. Jacobi Capital Management LLC bought a new stake in shares of Global-e Online during the third quarter valued at approximately $48,000. MCF Advisors LLC raised its position in shares of Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after purchasing an additional 552 shares during the period. R Squared Ltd bought a new position in shares of Global-e Online in the 3rd quarter worth $247,000. Finally, Seelaus Asset Management LLC bought a new position in shares of Global-e Online in the 1st quarter worth $231,000. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Global-e Online in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 13th. Needham & Company LLC reissued a “buy” rating and set a $47.00 target price on shares of Global-e Online in a research note on Tuesday, September 1st. Finally, Benchmark restated a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Global-e Online has a consensus rating of “Moderate Buy” and an average price target of $48.08.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.