Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 4,946 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 4,946 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $30.02, for a total value of $148,478.92. Following the completion of the transaction, the chief operating officer directly owned 4,045,595 shares in the company, valued at approximately $121,448,761.90. This trade represents a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $31.20, for a total value of $259,989.60.
• On Wednesday, March 18th, Shahar Tamari sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Stock Up 0.5%

Global-e Online stock opened at $30.14 on Friday. The business has a fifty day moving average of $31.43 and a two-hundred day moving average of $35.15. The firm has a market cap of $5.12 billion, a P/E ratio of 46.37 and a beta of 1.18. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The company 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%.Global-e Online’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities analysts expect that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. KeyCorp decreased their price objective on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Truist Financial decreased their price objective on Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.17.

Hedge Funds Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLBE. IFP Advisors Inc raised its stake in Global-e Online by 73.3% in 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online in the 4th quarter worth $39,000. Geneos Wealth Management Inc. raised its stake in Global-e Online by 67.2% in 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 last quarter. Tower Research Capital LLC TRC raised its stake in Global-e Online by 780.7% in 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. Finally, Jones Financial Companies Lllp raised its stake in Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.