Shahar Tamari Sells 4,946 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 4,946 shares of Global-e Online stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $30.02, for a total value of $148,478.92. Following the completion of the sale, the chief operating officer directly owned 4,045,595 shares of the company’s stock, valued at approximately $121,448,761.90. The trade was a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 value of $270,405.85.
• On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $171,581.40.
• On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The stock was sold at an average price of $34.79, for a total transaction of $902,765.71.
• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction of $143,147.34.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total value of $129,265.82.
• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $31.20, for a total transaction of $259,989.60.
• On Wednesday, March 18th, Shahar Tamari sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $29.95 on Friday. The stock has a 50-day simple moving average of $31.35 and a two-hundred day simple moving average of $35.11. The firm has a market capitalization of $5.08 billion, a PE ratio of 46.08 and a beta of 1.18. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same quarter last year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. Equities analysts forecast that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on GLBE. Raymond James Financial reissued an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Truist Financial lowered their price target on Global-e Online from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Benchmark lifted their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLBE. IFP Advisors Inc raised its holdings in Global-e Online by 73.3% during 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 period. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the fourth quarter valued at $39,000. Geneos Wealth Management Inc. raised its stake in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after purchasing an additional 1,376 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

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.