Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 24,999 Shares of Company Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $39.54, for a total value of $988,460.46. Following the completion of the sale, the chief operating officer owned 3,756,693 shares of the company’s stock, valued at approximately $148,539,641.22. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.87, for a total transaction 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 transaction 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 transaction of $960,211.59.
• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were 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.

Global-e Online Trading Down 1.5%

Global-e Online stock opened at $41.14 on Thursday. The firm has a 50-day moving average price of $39.36 and a 200-day moving average price of $35.84. The firm has a market capitalization of $6.98 billion, a PE ratio of 47.84 and a beta of 0.98. 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 released its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 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%. As a group, sell-side analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Seelaus Asset Management LLC boosted its position in Global-e Online by 10.5% in the 3rd quarter. Seelaus Asset Management LLC now owns 14,858 shares of the company’s stock valued at $590,000 after buying an additional 1,409 shares during the period. Moody National Bank Trust Division increased its position in shares of Global-e Online by 17.3% during the third quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock worth $2,039,000 after acquiring an additional 7,550 shares during the period. MCF Advisors LLC increased 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 acquiring an additional 552 shares during the period. Bienville Capital Management LLC purchased a new position in shares of Global-e Online during the second quarter worth approximately $13,021,000. Finally, Keenan Capital LLC raised its stake in shares of Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after acquiring an additional 90,000 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $47.00 price target on shares of Global-e Online in a report on Tuesday, September 1st. Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Truist Financial raised their price target on Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Global-e Online Company Profile

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.