Global-e Online (NASDAQ:GLBE) COO Sells $68,596.10 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 2,110 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $32.51, for a total value of $68,596.10. Following the completion of the transaction, the chief operating officer directly owned 4,000,543 shares in the company, valued at approximately $130,057,652.93. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• 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 transaction of $277,387.60.
• On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total transaction of $260,550.66.
• On Monday, June 1st, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.59, for a total transaction 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 transaction 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 transaction of $148,478.92.
• 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 transaction 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 transaction 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 transaction 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 transaction of $143,147.34.

Global-e Online Stock Up 5.8%

NASDAQ GLBE opened at $34.05 on Thursday. The firm has a 50-day moving average price of $31.45 and a two-hundred day moving average price of $34.20. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94. The company has a market capitalization of $5.78 billion, a P/E ratio of 52.39 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Equities analysts expect that Global-e Online Ltd. will post 1.11 EPS for the current year.

Institutional Trading of Global-e Online

Several hedge funds have recently added to or reduced their stakes in GLBE. IFP Advisors Inc lifted 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 purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online during the 4th quarter valued at $39,000. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online in the fourth quarter worth $72,000. Institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Morgan Stanley lowered their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

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.