Global-e Online (NASDAQ:GLBE) COO Sells $148,478.92 in Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) COO Shahar Tamari sold 4,946 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $30.02, for a total transaction of $148,478.92. Following the completion of the transaction, the chief operating officer directly owned 4,045,595 shares in the company, valued at approximately $121,448,761.90. The trade was a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $32.45, for a total value 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 value 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 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 shares were 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 value 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 value of $563,477.46.

Global-e Online Trading Up 4.8%

NASDAQ GLBE opened at $29.99 on Thursday. The business has a fifty day simple moving average of $31.51 and a 200 day simple moving average of $35.19. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The firm has a market capitalization of $5.09 billion, a P/E ratio of 46.14 and a beta of 1.18.

Global-e Online (NASDAQ:GLBEGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. As a group, sell-side analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Institutional Trading of Global-e Online

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the last quarter. California State Teachers Retirement System lifted its stake in Global-e Online by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company’s stock valued at $4,564,000 after purchasing an additional 533 shares during the last quarter. Main Management ETF Advisors LLC grew its holdings in Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company’s stock valued at $2,062,000 after purchasing an additional 536 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after buying an additional 649 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GLBE. KeyCorp decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Morgan Stanley cut their target price on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Bank of America initiated coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price for the company. UBS Group decreased their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.17.

Read Our Latest Stock Analysis on Global-e Online

Global-e Online Company Profile

(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.

Further Reading

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

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