Global-e Online (NASDAQ:GLBE) COO Sells $148,478.92 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 4,946 shares of Global-e Online stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $30.02, for a total value of $148,478.92. Following the transaction, the chief operating officer owned 4,045,595 shares of the company’s stock, valued at $121,448,761.90. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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.
• 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 Trading Down 0.6%

Shares of NASDAQ:GLBE opened at $29.95 on Friday. The stock has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $35.11. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 46.08 and a beta of 1.18. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share. As a group, equities research analysts predict that Global-e Online Ltd. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. BMO Capital Markets assumed coverage on Global-e Online in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 price target for the company. Raymond James Financial restated an “outperform” rating and issued a $42.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. UBS Group decreased their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Finally, Morgan Stanley decreased their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.17.

Institutional Trading of Global-e Online

Several large investors have recently modified their holdings of GLBE. Wasatch Advisors LP grew its holdings in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares during the period. Arohi Asset Management PTE Ltd. lifted its position in shares of Global-e Online by 91.0% in the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after buying an additional 1,345,156 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Global-e Online in the fourth quarter worth about $51,104,000. 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.