Global-e Online (NASDAQ:GLBE) COO Sells $1,031,000.46 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 28,623 shares of Global-e Online stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $36.02, for a total value of $1,031,000.46. Following the completion of the transaction, the chief operating officer directly owned 3,956,685 shares of the company’s stock, valued at approximately $142,519,793.70. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 value of $535,205.55.
• 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 stock was 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 shares were 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.
• 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 transaction 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 transaction 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 transaction of $270,405.85.
• On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total transaction of $171,581.40.

Global-e Online Stock Up 3.2%

Shares of NASDAQ GLBE opened at $35.83 on Thursday. The firm has a market cap of $6.08 billion, a PE ratio of 55.12 and a beta of 1.06. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94. The company’s fifty day simple moving average is $31.68 and its 200 day simple moving average is $34.06.

Analysts Set New Price Targets

Several brokerages have issued reports on GLBE. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. BMO Capital Markets began coverage on Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.33.

Institutional Trading of Global-e Online

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after buying an additional 35,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 528 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Global-e Online during the 2nd quarter valued at $5,428,000. Finally, Brown Advisory Inc. bought a new position in Global-e Online during the 2nd quarter valued at $726,000. 94.60% of the stock is owned by institutional investors.

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.