Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $102,490.62 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 3,387 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.26, for a total transaction of $102,490.62. Following the completion of the transaction, the chief operating officer directly owned 4,042,208 shares of the company’s stock, valued at approximately $122,317,214.08. This trade represents a 0.08% decrease in their ownership of the stock. 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 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.
• 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 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 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 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 stock was 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 value of $259,989.60.
• On Wednesday, March 18th, Shahar Tamari sold 16,666 shares of Global-e Online stock. The shares were sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Price Performance

GLBE opened at $30.09 on Friday. The business’s 50-day moving average is $30.98 and its two-hundred day moving average is $34.93. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The firm has a market capitalization of $5.11 billion, a PE ratio of 46.29 and a beta of 1.18.

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 company had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, sell-side analysts expect that Global-e Online Ltd. will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock worth $2,684,000 after buying an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Global-e Online by 17.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Global-e Online in the second quarter valued at approximately $5,428,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Global-e Online during the second quarter worth approximately $726,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. UBS Group decreased their target price on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft raised Global-e Online to an “accumulate” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating on shares of Global-e Online in a research note on Wednesday. Finally, Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.