Shahar Tamari Sells 7,874 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 7,874 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $33.09, for a total value of $260,550.66. Following the sale, the chief operating officer owned 4,017,209 shares of the company’s stock, valued at $132,929,445.81. This represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $31.55, for a total value of $277,387.60.
• 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.
• 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 value 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 value of $148,478.92.
• On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $32.45, for a total value of $270,405.85.
• On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value 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 value of $902,765.71.
• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value 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 value of $129,265.82.
• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $31.20, for a total value of $259,989.60.

Global-e Online Price Performance

NASDAQ:GLBE opened at $32.38 on Wednesday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The stock’s 50 day simple moving average is $31.03 and its two-hundred day simple moving average is $34.72. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 49.82 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The company’s revenue was up 32.8% compared to the same quarter last year. As a group, analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. KeyCorp reduced their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. BMO Capital Markets assumed coverage on shares of Global-e Online in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.92.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP boosted its holdings in shares of Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock worth $199,247,000 after purchasing an additional 1,637,482 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $230,842,000 after purchasing an additional 2,387,242 shares during the period. Contour Asset Management LLC boosted its holdings in shares of Global-e Online by 4.6% in the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after purchasing an additional 211,034 shares during the period. Arohi Asset Management PTE Ltd. boosted its holdings in shares of Global-e Online by 0.6% in the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after purchasing an additional 23,213 shares during the period. Finally, Spyglass Capital Management LLC boosted its holdings in shares of Global-e Online by 63.0% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after purchasing an additional 1,044,960 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.