Global-e Online (NASDAQ:GLBE) COO Sells $988,460.46 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction on Monday, October 19th. The shares were sold at an average price of $39.54, for a total value of $988,460.46. Following the completion of the sale, the chief operating officer owned 3,756,693 shares of the company’s stock, valued at $148,539,641.22. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.87, for a total value of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.03, for a total value of $950,711.97.
• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.41, for a total transaction of $960,211.59.
• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.63, for a total transaction of $1,040,708.37.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.59, for a total transaction of $1,039,708.41.

Global-e Online Stock Performance

Shares of GLBE opened at $41.36 on Friday. The firm has a market cap of $7.02 billion, a PE ratio of 48.09 and a beta of 0.98. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $43.99. The business’s 50 day moving average price is $39.32 and its two-hundred day moving average price is $35.95.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million during the quarter. Research analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on GLBE. Loop Capital set a $49.00 target price on shares of Global-e Online in a research report on Wednesday, August 12th. BMO Capital Markets lifted their price objective on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Piper Sandler reissued an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a report on Tuesday, August 11th. Finally, Truist Financial raised their price target on shares of Global-e Online from $47.00 to $48.00 and gave the company a “buy” rating in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

Hedge Funds Weigh In On Global-e Online

Several hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in shares of Global-e Online by 58.5% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $38,000 after buying an additional 354 shares in the last quarter. Seelaus Asset Management LLC lifted its position in shares of Global-e Online by 10.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 14,858 shares of the company’s stock valued at $590,000 after buying an additional 1,409 shares in the last quarter. Moody National Bank Trust Division raised its stake in Global-e Online by 17.3% during the 3rd quarter. Moody National Bank Trust Division now owns 51,315 shares of the company’s stock valued at $2,039,000 after purchasing an additional 7,550 shares during the period. MCF Advisors LLC grew its stake in shares of Global-e Online by 62.4% in the 2nd quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after buying an additional 552 shares in the last quarter. Finally, Bienville Capital Management LLC purchased a new stake in shares of Global-e Online in the second quarter valued at $13,021,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.