Global-e Online (NASDAQ:GLBE) COO Sells $277,387.60 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,792 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $31.55, for a total transaction of $277,387.60. Following the transaction, the chief operating officer directly owned 4,025,083 shares in the company, valued at approximately $126,991,368.65. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 stock was 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 stock was sold at an average price of $30.02, for a total transaction 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 transaction 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 transaction 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 transaction of $902,765.71.
• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total transaction 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 transaction 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 transaction of $259,989.60.

Global-e Online Trading Up 1.1%

Shares of NASDAQ GLBE opened at $32.73 on Thursday. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 50.35 and a beta of 1.16. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The company’s 50-day moving average price is $31.11 and its 200 day moving average price is $34.70.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. As a group, research analysts expect that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp lowered their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.00 to $39.00 in a research note on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. One equities research 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 given a Sell rating to the company. According to MarketBeat, Global-e Online has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLBE. Wasatch Advisors LP lifted its holdings in Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after purchasing an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Global-e Online by 1,539.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares during the period. Arohi Asset Management PTE Ltd. lifted its holdings in shares of Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after acquiring an additional 1,345,156 shares during the period. Finally, Norges Bank purchased a new position in shares of Global-e Online during the 4th quarter worth about $51,104,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

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.