Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) COO Shahar Tamari sold 24,999 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $38.03, for a total value of $950,711.97. Following the completion of the sale, the chief operating officer owned 3,806,691 shares of the company’s stock, valued at $144,768,458.73. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shahar Tamari also recently made the following trade(s):
- 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 transaction 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 transaction of $1,040,708.37.
- On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.59, for a total value of $1,039,708.41.
- On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $36.81, for a total value of $920,213.19.
- On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were sold at an average price of $35.13, for a total transaction of $535,205.55.
- 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.
Global-e Online Trading Down 0.9%
NASDAQ GLBE opened at $40.88 on Friday. The firm’s fifty day simple moving average is $39.10 and its two-hundred day simple moving average is $34.89. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99. The firm has a market capitalization of $6.94 billion, a P/E ratio of 47.54 and a beta of 1.00.
Institutional Trading of Global-e Online
Large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock worth $50,000 after purchasing an additional 552 shares during the last quarter. Bienville Capital Management LLC acquired a new stake in shares of Global-e Online during the second quarter worth about $13,021,000. Keenan Capital LLC boosted its position in Global-e Online by 4.8% in the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after buying an additional 90,000 shares during the last quarter. Spyglass Capital Management LLC boosted its position in Global-e Online by 1.1% in the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after buying an additional 20,610 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Global-e Online by 3,232.4% in the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after buying an additional 2,037,962 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.
Wall Street Analyst Weigh In
GLBE has been the subject of several recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research report on Wednesday, August 12th. Truist Financial lifted their target price on shares of Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus price target of $47.69.
Read Our Latest Analysis on Global-e Online
About Global-e Online
Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.
The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.
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