Shahar Tamari Sells 15,235 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) COO Shahar Tamari sold 15,235 shares of Global-e Online stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $35.13, for a total value of $535,205.55. Following the completion of the sale, the chief operating officer directly owned 3,985,308 shares of the company’s stock, valued at approximately $140,003,870.04. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The shares were 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 stock was 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 stock was 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 stock was sold at an average price of $33.59, for a total transaction of $279,905.47.
  • 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 transaction 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 stock was 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.

Global-e Online Trading Down 2.7%

GLBE opened at $34.73 on Wednesday. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 53.43 and a beta of 1.16. The company’s 50 day moving average is $31.63 and its 200 day moving average is $34.09. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94.

Global-e Online (NASDAQ:GLBEGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. During the same period last year, the firm earned ($0.11) earnings per share. The company’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, analysts predict that Global-e Online Ltd. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GLBE shares. Weiss Ratings lowered shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Bank of America assumed coverage on shares of Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price for the company. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Finally, Truist Financial raised Global-e Online from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $39.00 in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Get Our Latest Stock Report on GLBE

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC raised its holdings in shares of Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after acquiring an additional 250,625 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Global-e Online by 105.3% in the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after purchasing an additional 296,466 shares in the last quarter. NZS Capital LLC increased its position in Global-e Online by 39.3% in the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock worth $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Vitruvian Partners LLP increased its position in Global-e Online by 21.9% in the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock worth $8,263,000 after purchasing an additional 37,767 shares during the last quarter. Finally, Spyglass Capital Management LLC increased its position in Global-e Online by 63.0% in the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after purchasing an additional 1,044,960 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.

Further Reading

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

Receive News & Ratings for Global-e Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global-e Online and related companies with MarketBeat.com's FREE daily email newsletter.