Global-e Online (NASDAQ:GLBE) COO Sells $920,213.19 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $36.81, for a total transaction of $920,213.19. Following the transaction, the chief operating officer directly owned 3,931,686 shares of the company’s stock, valued at approximately $144,725,361.66. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were sold at an average price of $35.13, for a total transaction of $535,205.55.
• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The shares were sold at an average price of $32.51, for a total transaction of $68,596.10.
• 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 transaction 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 value 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 value 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 value of $270,405.85.

Global-e Online Stock Up 5.2%

Shares of Global-e Online stock opened at $37.84 on Friday. The firm has a market cap of $6.42 billion, a PE ratio of 58.22 and a beta of 1.06. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The business has a 50-day moving average price of $32.28 and a 200 day moving average price of $33.94.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Bank of America assumed coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Global-e Online has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Institutional Investors Weigh In On Global-e Online

Large investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its stake in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after buying an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after acquiring an additional 2,387,242 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Global-e Online by 1,539.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after purchasing an additional 2,131,047 shares in the last quarter. Arohi Asset Management PTE Ltd. lifted its stake in Global-e Online by 91.0% in the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after purchasing an additional 1,345,156 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Global-e Online during the 4th quarter worth approximately $51,104,000. 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.