Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $960,211.59 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $38.41, for a total transaction of $960,211.59. Following the completion of the sale, the chief operating officer owned 3,831,690 shares of the company’s stock, valued at $147,175,212.90. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.59, for a total value of $1,039,708.41.
• 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 shares were 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 stock was 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.

Global-e Online Trading Up 1.1%

GLBE opened at $36.50 on Friday. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 42.44 and a beta of 1.00. The stock has a fifty day simple moving average of $38.91 and a two-hundred day simple moving average of $34.64. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99.

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. The firm had revenue of $299.00 million for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. On average, analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MCF Advisors LLC grew its holdings in shares of Global-e Online by 62.4% during the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after buying an additional 552 shares during the last quarter. Bienville Capital Management LLC purchased a new position in Global-e Online in the 2nd quarter worth approximately $13,021,000. Keenan Capital LLC lifted its position in Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after acquiring an additional 90,000 shares in the last quarter. California State Teachers Retirement System lifted its position in Global-e Online by 3,399.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after acquiring an additional 3,950,515 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its holdings in shares of Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock worth $68,015,000 after purchasing an additional 20,610 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GLBE. Loop Capital set a $49.00 target price on shares of Global-e Online in a research note on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $47.00 price target on shares of Global-e Online in a research note on Tuesday, September 1st. UBS Group set a $54.00 price objective on Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Truist Financial lifted their price objective on Global-e Online from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and an average target price of $47.69.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.