Global-e Online (NASDAQ:GLBE) COO Sells $535,205.55 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 15,235 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $35.13, for a total transaction of $535,205.55. Following the transaction, the chief operating officer owned 3,985,308 shares in the company, valued at $140,003,870.04. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was 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 value 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 shares were sold at an average price of $33.59, for a total value 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 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 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 Price Performance

Shares of GLBE stock opened at $36.41 on Monday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The firm has a market cap of $6.18 billion, a PE ratio of 56.02 and a beta of 1.16. The stock has a 50 day moving average of $31.57 and a 200-day moving average of $34.14.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) 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 quarter last year, the company posted ($0.11) earnings per share. Global-e Online’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, equities 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 analysts have commented on GLBE shares. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Bank of America started coverage on shares of Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 price target for the company. Weiss Ratings downgraded shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Wednesday, June 10th. 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 stock. According to MarketBeat.com, Global-e Online presently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Hedge Funds Weigh In On Global-e Online

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online during the fourth quarter worth $39,000. IFP Advisors Inc lifted its stake in Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Global-e Online during the 4th quarter worth approximately $72,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

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.