Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells 8,333 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBEGet 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.

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

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

(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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