Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 24,999 Shares of Company Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $39.87, for a total value of $996,710.13. Following the transaction, the chief operating officer owned 3,781,692 shares of the company’s stock, valued at $150,776,060.04. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 shares were sold at an average price of $38.41, for a total transaction of $960,211.59.
• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were 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 transaction of $1,039,708.41.

Global-e Online Stock Up 0.7%

GLBE stock traded up $0.26 during midday trading on Wednesday, hitting $38.96. The company’s stock had a trading volume of 1,011,874 shares, compared to its average volume of 1,550,209. The firm has a 50-day simple moving average of $39.58 and a 200-day simple moving average of $35.18. The firm has a market capitalization of $6.61 billion, a P/E ratio of 45.30 and a beta of 0.98. 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 announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The business had revenue of $299.00 million for the quarter. On average, sell-side analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Citigroup reaffirmed a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently bought and sold shares of GLBE. MCF Advisors LLC raised its holdings in shares of Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after purchasing an additional 552 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Global-e Online by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $286,000 after buying an additional 631 shares during the period. Royal Bank of Canada boosted its holdings in shares of Global-e Online by 2.8% in the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after buying an additional 996 shares during the period. Sei Investments Co. grew its position in shares of Global-e Online by 0.3% during the 1st quarter. Sei Investments Co. now owns 310,182 shares of the company’s stock valued at $9,569,000 after buying an additional 1,025 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Global-e Online by 5.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 28,002 shares of the company’s stock valued at $864,000 after buying an additional 1,321 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

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.