Shahar Tamari Sells 14,556 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 14,556 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $32.23, for a total value of $469,139.88. Following the completion of the sale, the chief operating officer owned 4,002,653 shares in the company, valued at $129,005,506.19. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $277,387.60.
• On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The shares were 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 stock was 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 stock was 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 shares were 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 shares were 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 stock was 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.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total transaction of $129,265.82.

Global-e Online Price Performance

Shares of GLBE opened at $31.98 on Thursday. The company has a market capitalization of $5.43 billion, a P/E ratio of 49.20 and a beta of 1.16. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The business’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $34.48.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GLBE. Royal Bank of Canada boosted its stake in Global-e Online by 87.4% in the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after acquiring an additional 35,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after acquiring an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Global-e Online by 67.2% in 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 during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Global-e Online in the 2nd quarter valued at $5,428,000. Finally, Brown Advisory Inc. bought a new position in shares of Global-e Online in the 2nd quarter worth $726,000. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GLBE. Truist Financial raised Global-e Online from a “hold” rating to a “buy” rating and lifted their price target for the company from $34.00 to $39.00 in a report on Wednesday, June 10th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Morgan Stanley reduced their target price on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. UBS Group decreased their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Bank of America initiated coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price objective for the company. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.