Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $1,040,708.37 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $41.63, for a total transaction of $1,040,708.37. Following the sale, the chief operating officer owned 3,856,689 shares in the company, valued at $160,553,963.07. This represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.59, for a total transaction of $1,039,708.41.
• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $36.81, for a total transaction of $920,213.19.
• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The stock was sold at an average price of $35.13, for a total value 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 value 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 value 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 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 value 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 value 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 value of $279,905.47.

Global-e Online Stock Down 0.8%

Shares of GLBE stock opened at $39.13 on Thursday. The business has a fifty day simple moving average of $38.11 and a 200 day simple moving average of $34.26. The company has a market cap of $6.64 billion, a P/E ratio of 45.50 and a beta of 1.03. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. As a group, equities research analysts anticipate that Global-e Online Ltd. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several research reports. Loop Capital set a $49.00 price target on shares of Global-e Online in a report on Wednesday, August 12th. Morgan Stanley increased their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Institutional Trading of Global-e Online

Several hedge funds and other institutional investors have recently made changes to their positions in GLBE. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online during the 4th quarter worth approximately $39,000. IFP Advisors Inc increased its position in Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares during the period. Geneos Wealth Management Inc. increased its position 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 valued at $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online during the fourth quarter valued at $72,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Company Profile

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.