Global-e Online (NASDAQ:GLBE) COO Sells $12,205.84 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 271 shares of Global-e Online stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $45.04, for a total value of $12,205.84. Following the transaction, the chief operating officer directly owned 3,728,465 shares in the company, valued at $167,930,063.60. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, November 4th, Shahar Tamari sold 27,957 shares of Global-e Online stock. The shares were sold at an average price of $44.48, for a total value of $1,243,527.36.
• On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.54, for a total value of $988,460.46.
• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.87, for a total value of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.03, for a total value of $950,711.97.
• 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 value 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 value of $1,040,708.37.

Global-e Online Price Performance

Shares of GLBE stock opened at $42.97 on Monday. The business’s 50 day simple moving average is $39.81 and its 200 day simple moving average is $35.84. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The stock has a market capitalization of $7.29 billion, a PE ratio of 49.97 and a beta of 1.10.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million during the quarter. As a group, research analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Global-e Online News Summary

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
• Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GLBE. Wellington Management Group LLP lifted its stake in shares of Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after buying an additional 2,037,962 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after acquiring an additional 1,816,606 shares in the last quarter. Bienville Capital Management LLC bought a new stake in shares of Global-e Online during the second quarter worth about $13,021,000. Renaissance Technologies LLC bought a new stake in shares of Global-e Online during the first quarter worth about $8,512,000. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Global-e Online in the 2nd quarter worth about $5,974,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GLBE shares. Morgan Stanley lifted their target price on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a research report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Weiss Ratings raised Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 13th. Finally, Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.08.

About Global-e Online

Global-e Online Ltd. provides a cross-border e-commerce platform that helps retailers and consumer brands sell to shoppers in international markets. Its services support the online shopping journey, from localized storefronts and checkout through payment and delivery.

The platform helps merchants tailor the shopping experience to customers in different countries, including by supporting local currencies and payment options and managing international shipping, duties and taxes, and returns.