Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $535,205.55 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 15,235 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $35.13, for a total value of $535,205.55. Following the transaction, the chief operating officer directly owned 3,985,308 shares in the company, valued at $140,003,870.04. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction 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 transaction 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 transaction of $469,139.88.
• 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 transaction 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 transaction of $260,550.66.
• On Monday, June 1st, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $33.59, for a total transaction of $279,905.47.
• On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The shares were 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 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 shares were sold at an average price of $33.06, for a total value of $171,581.40.

Global-e Online Stock Performance

Shares of GLBE stock opened at $35.83 on Thursday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The business’s fifty day moving average is $31.68 and its 200-day moving average is $34.06. The stock has a market cap of $6.08 billion, a PE ratio of 55.12 and a beta of 1.06.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors have recently bought and sold shares of GLBE. Wasatch Advisors LP boosted its holdings in shares of Global-e Online by 34.0% in the first quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock worth $199,247,000 after buying an additional 1,637,482 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 valued at $230,842,000 after acquiring an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC boosted its stake in 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 stake in 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 grew its position in Global-e Online by 63.0% during 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 in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GLBE. Raymond James Financial reissued an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Bank of America started coverage on shares of Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price on the stock. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Truist Financial upgraded shares of Global-e Online from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $39.00 in a research report on Wednesday, June 10th. Finally, UBS Group dropped their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.33.

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.