Global-e Online (NASDAQ:GLBE) COO Sells $1,040,708.37 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $41.63, for a total transaction of $1,040,708.37. Following the completion of the transaction, the chief operating officer directly owned 3,856,689 shares in the company, valued at $160,553,963.07. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $1,039,708.41.
• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $36.81, for a total value of $920,213.19.
• 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 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 value of $1,031,000.46.
• 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 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 shares were 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 stock was sold at an average price of $33.59, for a total transaction of $279,905.47.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded down $0.10 during trading on Monday, hitting $40.45. 88,380 shares of the company traded hands, compared to its average volume of 1,567,882. The business’s fifty day moving average is $37.66 and its 200 day moving average is $34.13. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $43.99. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 47.15 and a beta of 1.03.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, analysts predict that Global-e Online Ltd. will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GLBE. IFP Advisors Inc boosted its holdings in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the period. California State Teachers Retirement System increased its position in shares of Global-e Online by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock worth $4,564,000 after purchasing an additional 533 shares during the period. Main Management ETF Advisors LLC increased its holdings in Global-e Online by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after buying an additional 536 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Global-e Online by 8.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after purchasing an additional 631 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GLBE. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.23.

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.