Global-e Online (NASDAQ:GLBE) COO Sells $270,405.85 in Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) COO Shahar Tamari sold 8,333 shares of Global-e Online stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $32.45, for a total value of $270,405.85. Following the sale, the chief operating officer directly owned 3,768,369 shares of the company’s stock, valued at $122,283,574.05. This represents a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • 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 value of $171,581.40.
  • On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The shares were sold at an average price of $34.79, for a total value of $902,765.71.
  • On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value 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 value 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 shares were sold at an average price of $33.81, for a total transaction of $563,477.46.

Global-e Online Price Performance

Shares of GLBE opened at $29.80 on Monday. Global-e Online Ltd. has a 1-year low of $27.80 and a 1-year high of $43.21. The company has a market capitalization of $5.06 billion, a P/E ratio of 80.54 and a beta of 1.18. The firm’s 50 day simple moving average is $32.66 and its 200 day simple moving average is $35.57.

Hedge Funds Weigh In On Global-e Online

A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online in the 4th quarter valued at about $39,000. Geneos Wealth Management Inc. boosted its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GLBE. UBS Group dropped their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, Bank of America began coverage on Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.77.

Check Out Our Latest Report on GLBE

About Global-e Online

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Global-e Online (NASDAQ:GLBE)

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