Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $960,211.59 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $38.41, for a total transaction of $960,211.59. Following the completion of the sale, the chief operating officer owned 3,831,690 shares of the company’s stock, valued at approximately $147,175,212.90. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.63, for a total transaction of $1,040,708.37.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.59, for a total value 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 value of $920,213.19.
• 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 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 stock was 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.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $38.37 on Tuesday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 44.62 and a beta of 1.00. The business has a 50 day simple moving average of $38.86 and a 200 day simple moving average of $34.62. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $43.99.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current year.

Institutional Trading of Global-e Online

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in shares of Global-e Online by 105.3% in the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after acquiring an additional 296,466 shares during the period. Vitruvian Partners LLP increased its position in Global-e Online by 21.9% during the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock worth $8,263,000 after acquiring an additional 37,767 shares during the period. Empowered Funds LLC bought a new position in Global-e Online during the first quarter worth $1,144,000. Handelsbanken Fonder AB raised its stake in Global-e Online by 51.7% during the 4th quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock valued at $4,484,000 after purchasing an additional 38,869 shares during the last quarter. Finally, Wasatch Advisors LP raised its stake in Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Raymond James Financial reiterated an “outperform” rating and set a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Loop Capital set a $49.00 price target on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, Truist Financial lifted their price target on shares of Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

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.