Global-e Online (NASDAQ:GLBE) COO Sells $563,477.46 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 16,666 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $33.81, for a total transaction of $563,477.46. Following the sale, the chief operating officer directly owned 3,419,745 shares of the company’s stock, valued at approximately $115,621,578.45. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Global-e Online Trading Down 1.3%

GLBE stock traded down $0.44 during trading on Thursday, reaching $33.58. The stock had a trading volume of 213,377 shares, compared to its average volume of 1,625,837. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $43.21. The company has a market capitalization of $5.70 billion, a P/E ratio of 91.24 and a beta of 1.24. The firm has a fifty day moving average price of $35.57 and a 200 day moving average price of $36.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online during the fourth quarter valued at $39,000. IFP Advisors Inc lifted its position in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. boosted its stake in Global-e Online by 67.2% during the first 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 in the last quarter. Virtus Advisers LLC bought a new position in shares of Global-e Online during the 2nd quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. KeyCorp cut their price target on Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Global-e Online in a report on Monday, December 29th. Truist Financial cut their target price on Global-e Online from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Bank of America reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.80.

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.