Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells 4,007 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 4,007 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $32.26, for a total value of $129,265.82. Following the sale, the chief operating officer owned 3,820,500 shares in the company, valued at $123,249,330. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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

NASDAQ GLBE traded down $0.16 during trading hours on Friday, reaching $30.28. 298,355 shares of the stock traded hands, compared to its average volume of 1,531,153. The stock has a 50 day simple moving average of $33.26 and a two-hundred day simple moving average of $35.98. Global-e Online Ltd. has a 1 year low of $27.80 and a 1 year high of $43.21. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 81.84 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GLBE shares. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Benchmark raised their price target on Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 27th. UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.58.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLBE. IFP Advisors Inc increased its holdings in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Global-e Online in the fourth quarter worth about $39,000. Geneos Wealth Management Inc. grew its stake in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after purchasing an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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.