Global-e Online (NASDAQ:GLBE) COO Sells $12,205.84 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 271 shares of Global-e Online stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $45.04, for a total value of $12,205.84. Following the completion of the transaction, the chief operating officer owned 3,728,465 shares of the company’s stock, valued at $167,930,063.60. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, November 4th, Shahar Tamari sold 27,957 shares of Global-e Online stock. The stock was sold at an average price of $44.48, for a total transaction of $1,243,527.36.
• On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.54, for a total transaction 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 transaction of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was 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 stock was 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 stock was sold at an average price of $41.63, for a total transaction of $1,040,708.37.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE traded down $0.52 during trading hours on Friday, reaching $42.81. The stock had a trading volume of 318,561 shares, compared to its average volume of 1,529,227. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $45.28. The firm’s 50 day moving average is $39.74 and its 200-day moving average is $35.80. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 49.78 and a beta of 1.10.

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

Hedge Funds Weigh In On Global-e Online

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in Global-e Online in the 1st quarter valued at $1,144,000. Keenan Capital LLC raised its position in Global-e Online by 4.8% during the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after buying an additional 90,000 shares during the last quarter. Wasatch Advisors LP lifted its position in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the period. Handelsbanken Fonder AB lifted its position in Global-e Online by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock valued at $6,077,000 after purchasing an additional 48,145 shares during the period. Finally, Summit Creek Advisors LLC purchased a new stake in Global-e Online in the 2nd quarter valued at approximately $5,974,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GLBE has been the topic of several recent analyst reports. Loop Capital set a $49.00 price target on shares of Global-e Online in a research note on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price target on shares of Global-e Online in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.