Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) COO Shahar Tamari sold 8,333 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.59, for a total value of $279,905.47. Following the completion of the sale, the chief operating officer owned 4,033,875 shares of the company’s stock, valued at $135,497,861.25. This represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shahar Tamari also recently made the following trade(s):
- On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The shares were sold at an average price of $30.26, for a total value of $102,490.62.
- On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The shares were sold at an average price of $30.02, for a total value of $148,478.92.
- 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 shares were 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 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 shares were 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 Down 1.3%
NASDAQ:GLBE opened at $33.30 on Wednesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94. The business’s 50-day moving average price is $30.90 and its two-hundred day moving average price is $34.87. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 51.23 and a beta of 1.16.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial restated an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Bank of America assumed coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Finally, Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Global-e Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.92.
View Our Latest Analysis on GLBE
Institutional Investors Weigh In On Global-e Online
Several large investors have recently modified their holdings of the business. IFP Advisors Inc boosted its position 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 worth $38,000 after buying an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online during the fourth quarter worth about $39,000. Geneos Wealth Management Inc. boosted its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Global-e Online by 237.7% during the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after buying an additional 1,376 shares during the period. 94.60% of the stock is currently owned by institutional investors.
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.
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