Shahar Tamari Sells 24,999 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $41.63, for a total value of $1,040,708.37. Following the transaction, the chief operating officer owned 3,856,689 shares in the company, valued at approximately $160,553,963.07. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 value of $1,039,708.41.
• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $36.81, for a total transaction of $920,213.19.
• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were sold at an average price of $35.13, for a total transaction of $535,205.55.
• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The shares were sold at an average price of $32.51, for a total transaction of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The shares were sold at an average price of $32.23, for a total transaction of $469,139.88.
• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were sold at an average price of $31.55, for a total transaction of $277,387.60.
• On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The stock was 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.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $39.43 on Wednesday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99. The business has a 50-day moving average of $37.97 and a two-hundred day moving average of $34.21. The company has a market capitalization of $6.69 billion, a P/E ratio of 45.85 and a beta of 1.03.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The business had revenue of $299.00 million for the quarter. On average, equities analysts anticipate that Global-e Online Ltd. will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Global-e Online

Large investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after acquiring an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC raised its stake in Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after acquiring an additional 211,034 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Global-e Online by 3,399.9% in the second quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock worth $141,237,000 after acquiring an additional 3,950,515 shares during the last quarter. Finally, Arohi Asset Management PTE Ltd. lifted its holdings in shares of Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after acquiring an additional 23,213 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLBE has been the subject of a number of research analyst reports. Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a report on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Truist Financial boosted their price objective on shares of Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.69.

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.