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 Global-e Online stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $38.41, for a total transaction of $960,211.59. Following the completion of the transaction, the chief operating officer directly owned 3,831,690 shares of the company’s stock, valued at $147,175,212.90. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.59, for a total transaction of $1,039,708.41.
• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were 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 value of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The shares were sold at an average price of $32.51, for a total value of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The shares were sold at an average price of $32.23, for a total value of $469,139.88.

Global-e Online Trading Down 2.2%

Global-e Online stock opened at $36.11 on Thursday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 41.99 and a beta of 1.00. The stock has a fifty day simple moving average of $38.91 and a two-hundred day simple moving average of $34.63. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $43.99.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research note on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research report on Tuesday, September 1st. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Morgan Stanley lifted their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and an average price target of $47.69.

Institutional Investors Weigh In On Global-e Online

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online during the fourth quarter valued at approximately $39,000. Geneos Wealth Management Inc. raised its position in Global-e Online by 67.2% in the first 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. MCF Advisors LLC raised its position in Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after acquiring an additional 552 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.