Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 7,874 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 7,874 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $33.09, for a total value of $260,550.66. Following the transaction, the chief operating officer directly owned 4,017,209 shares in the company, valued at $132,929,445.81. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were sold at an average price of $31.55, for a total value of $277,387.60.
• 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 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.

Global-e Online Stock Performance

GLBE opened at $32.15 on Tuesday. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94. The stock has a market capitalization of $5.46 billion, a PE ratio of 49.46 and a beta of 1.16. The stock’s 50 day moving average price is $30.96 and its 200-day moving average price is $34.74.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) 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 analysts’ expectations of $250.78 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 32.8% compared to the same quarter last year. Research analysts forecast that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Institutional Trading of Global-e Online

Institutional investors have recently bought and sold shares of the company. Vitruvian Partners LLP grew its position in Global-e Online by 23.1% during the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock valued at $6,167,000 after purchasing an additional 32,405 shares during the last quarter. Annex Advisory Services LLC grew its position in Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock valued at $25,159,000 after purchasing an additional 250,625 shares during the last quarter. Legal & General Group Plc grew its position in Global-e Online by 105.3% during the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock valued at $22,727,000 after purchasing an additional 296,466 shares during the last quarter. NZS Capital LLC grew its position in Global-e Online by 39.3% during the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock valued at $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Finally, Spyglass Capital Management LLC grew its position in Global-e Online by 63.0% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock valued at $96,665,000 after purchasing an additional 1,044,960 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Wall Street Zen cut Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, UBS Group reduced their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.92.

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.