Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $996,710.13 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, October 5th. The shares were sold at an average price of $39.87, for a total value of $996,710.13. Following the completion of the sale, the chief operating officer directly owned 3,781,692 shares in the company, valued at $150,776,060.04. This represents a 0.66% decrease in their position. The sale 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 Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.03, for a total transaction of $950,711.97.
• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.41, for a total value of $960,211.59.
• 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 value of $1,040,708.37.
• 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 value of $1,039,708.41.

Global-e Online Stock Performance

Shares of GLBE stock opened at $40.39 on Friday. The stock has a fifty day moving average price of $39.58 and a 200 day moving average price of $35.31. The stock has a market cap of $6.86 billion, a PE ratio of 46.97 and a beta of 0.98. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GLBE shares. 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. Needham & Company LLC reissued a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research note on Tuesday, September 1st. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Global-e Online currently has an average rating of “Moderate Buy” and an average target price of $47.69.

Institutional Trading of Global-e Online

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division lifted its stake in shares of Global-e Online by 17.3% during the 3rd quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock worth $2,039,000 after purchasing an additional 7,550 shares during the period. MCF Advisors LLC grew its position in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the period. Bienville Capital Management LLC acquired a new position in Global-e Online in the second quarter valued at $13,021,000. Keenan Capital LLC lifted its position in Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after buying an additional 90,000 shares during the period. Finally, Spyglass Capital Management LLC boosted its stake in Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock worth $68,015,000 after buying an additional 20,610 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.

The company’s services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.