Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 3,387 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 3,387 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $30.26, for a total value of $102,490.62. Following the completion of the sale, the chief operating officer directly owned 4,042,208 shares in the company, valued at approximately $122,317,214.08. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 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 shares were sold at an average price of $34.79, for a total value 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 value of $143,147.34.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The shares were 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 shares were sold at an average price of $31.20, for a total value 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

GLBE stock opened at $29.95 on Tuesday. The stock 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 12-month low of $26.84 and a 12-month high of $41.94. The stock’s 50 day simple moving average is $31.26 and its 200 day simple moving average is $35.07.

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

Institutional Investors Weigh In On Global-e Online

A number of hedge funds have recently added to or reduced their stakes in GLBE. Wasatch Advisors LP increased its stake in shares of Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock worth $199,247,000 after purchasing an additional 1,637,482 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 worth $230,842,000 after buying an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC increased 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 buying an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. increased 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 buying an additional 23,213 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its stake in Global-e Online by 63.0% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after buying an additional 1,044,960 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GLBE. Benchmark boosted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Bank of America began coverage on shares of Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 target price for the company. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Truist Financial decreased their target price on shares of Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, UBS Group decreased their target price on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

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.