Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 7,874 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 7,874 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $33.09, for a total value of $260,550.66. Following the transaction, the chief operating officer directly owned 4,017,209 shares of the company’s stock, valued at approximately $132,929,445.81. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $277,387.60.
• 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 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.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $32.13 on Monday. The stock has a fifty day moving average price of $30.94 and a two-hundred day moving average price of $34.78. The firm has a market cap of $5.45 billion, a P/E ratio of 49.43 and a beta of 1.16. 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 issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. On average, research analysts predict that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Global-e Online

Several hedge funds and other institutional investors have recently modified their holdings of GLBE. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online during the fourth quarter valued at $39,000. IFP Advisors Inc boosted its position in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares during the period. Geneos Wealth Management Inc. boosted its position in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its position in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Global-e Online during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group reduced 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. Raymond James Financial reissued an “outperform” rating and set a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Bank of America assumed coverage on Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Finally, BMO Capital Markets assumed coverage on Global-e Online in a research note on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.92.

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.