Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) COO Shahar Tamari sold 271 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $45.04, for a total value of $12,205.84. Following the transaction, the chief operating officer owned 3,728,465 shares in the company, valued at approximately $167,930,063.60. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, November 4th, Shahar Tamari sold 27,957 shares of Global-e Online stock. The shares were sold at an average price of $44.48, for a total value of $1,243,527.36.
- On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.54, for a total value of $988,460.46.
- 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 stock was sold at an average price of $38.41, for a total value 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 value of $1,040,708.37.
Global-e Online Stock Performance
Shares of GLBE stock traded down $0.52 on Friday, hitting $42.81. 318,561 shares of the stock traded hands, compared to its average volume of 1,529,227. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $45.28. The firm’s 50-day moving average price is $39.74 and its two-hundred day moving average price is $35.80. The stock has a market capitalization of $7.27 billion, a PE ratio of 49.78 and a beta of 1.10.
Global-e Online (NASDAQ:GLBE – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The firm had revenue of $299.00 million during the quarter. On average, equities research analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Global-e Online
Several institutional investors have recently modified their holdings of GLBE. Signaturefd LLC increased its position in shares of Global-e Online by 58.5% during the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after acquiring an additional 354 shares during the period. Jacobi Capital Management LLC purchased a new position in Global-e Online in the third quarter valued at $48,000. MCF Advisors LLC boosted its holdings in Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after purchasing an additional 552 shares during the period. Seelaus Asset Management LLC purchased a new position in Global-e Online in the first quarter valued at $231,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Global-e Online during the 1st quarter worth $239,000. Institutional investors and hedge funds own 94.60% of the company’s stock.
Wall Street Analyst Weigh In
GLBE has been the subject of a number of recent analyst reports. UBS Group set a $54.00 price target on shares of Global-e Online and gave the stock a “buy” rating in a report on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Wednesday, August 12th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Tuesday, August 11th. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Finally, BMO Capital Markets raised their target price on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.08.
Check Out Our Latest Stock Report on GLBE
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.
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