Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 8,792 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,792 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $31.55, for a total transaction of $277,387.60. Following the transaction, the chief operating officer directly owned 4,025,083 shares in the company, valued at $126,991,368.65. The trade was a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 shares were sold at an average price of $33.59, for a total transaction of $279,905.47.
• 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.

Global-e Online Stock Performance

Shares of GLBE stock opened at $32.15 on Tuesday. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94. The company has a 50 day moving average price of $30.96 and a 200 day moving average price of $34.74. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 49.46 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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Global-e Online’s revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, equities analysts forecast that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

GLBE has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target for the company. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Raymond James Financial restated an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

Hedge Funds Weigh In On Global-e Online

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP boosted its stake in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after purchasing an additional 2,392,124 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock valued at $89,213,000 after purchasing an additional 2,131,047 shares during the period. Arohi Asset Management PTE Ltd. boosted its stake in shares of Global-e Online by 91.0% in the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock valued at $94,680,000 after purchasing an additional 1,345,156 shares during the period. Finally, Norges Bank purchased a new position in shares of Global-e Online in the fourth quarter valued at $51,104,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

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.