Global-e Online (NASDAQ:GLBE) COO Sells $279,905.47 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,333 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.59, for a total transaction of $279,905.47. Following the completion of the sale, the chief operating officer directly owned 4,033,875 shares of the company’s stock, valued at $135,497,861.25. This represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The stock was sold at an average price of $30.26, for a total transaction of $102,490.62.
• 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 transaction 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 transaction 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 transaction 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 stock was 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 transaction 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 stock was sold at an average price of $33.81, for a total transaction of $563,477.46.

Global-e Online Trading Down 2.3%

Shares of Global-e Online stock opened at $32.13 on Friday. The company has a 50 day moving average of $30.94 and a 200-day moving average of $34.78. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The company has a market cap of $5.45 billion, a PE ratio of 49.43 and a beta of 1.16.

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

Hedge Funds Weigh In On Global-e Online

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its position in Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock valued at $199,247,000 after acquiring an additional 1,637,482 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 valued at $230,842,000 after acquiring an additional 2,387,242 shares during the period. Contour Asset Management LLC increased its position 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 valued at $190,342,000 after acquiring an additional 211,034 shares during the period. Arohi Asset Management PTE Ltd. increased its position 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 valued at $148,604,000 after acquiring an additional 23,213 shares during the period. Finally, Spyglass Capital Management LLC increased its position 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 valued at $96,665,000 after acquiring an additional 1,044,960 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLBE has been the subject of several research reports. KeyCorp dropped their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Truist Financial dropped their price objective on shares of Global-e Online from $37.00 to $34.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Benchmark reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.92.

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.