Global-e Online (NASDAQ:GLBE) COO Sells $1,039,708.41 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.59, for a total value of $1,039,708.41. Following the sale, the chief operating officer directly owned 3,881,688 shares in the company, valued at approximately $161,439,403.92. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $35.13, for a total value 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 value of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The shares were sold at an average price of $32.51, for a total value of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The stock was 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 value of $277,387.60.
• On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value 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 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 shares were sold at an average price of $30.02, for a total transaction of $148,478.92.

Global-e Online Stock Up 3.2%

Shares of GLBE opened at $42.32 on Friday. The firm has a market capitalization of $7.18 billion, a PE ratio of 65.11 and a beta of 1.03. The firm has a 50-day moving average price of $35.96 and a 200 day moving average price of $33.87. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $42.51.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GLBE shares. Jefferies Financial Group reiterated a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.83.

Institutional Trading of Global-e Online

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLBE. Summit Creek Advisors LLC acquired a new position in Global-e Online in the second quarter worth approximately $5,974,000. Annex Advisory Services LLC lifted its position in shares of Global-e Online by 37.8% during the 2nd quarter. Annex Advisory Services LLC now owns 88,076 shares of the company’s stock valued at $3,059,000 after acquiring an additional 24,179 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Global-e Online by 38.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company’s stock worth $6,077,000 after acquiring an additional 48,145 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Global-e Online by 8.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company’s stock worth $286,000 after acquiring an additional 631 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

About Global-e Online

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.