Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 8,333 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,333 shares of Global-e Online stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $33.59, for a total value of $279,905.47. Following the transaction, the chief operating officer owned 4,033,875 shares of the company’s stock, valued at $135,497,861.25. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 stock was 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 transaction of $171,581.40.
• On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The stock was 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 shares were 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 stock was sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Trading Down 4.5%

Shares of NASDAQ GLBE opened at $31.79 on Thursday. The firm has a market cap of $5.40 billion, a P/E ratio of 48.91 and a beta of 1.16. The business’s 50 day moving average is $30.91 and its 200-day moving average is $34.82. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94.

Global-e Online (NASDAQ:GLBE) last released its quarterly 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. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. Analysts forecast that Global-e Online Ltd. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GLBE. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. UBS Group decreased their target price on shares of 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, Morgan Stanley reduced their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.92.

Trending Headlines about Global-e Online

Here are the key news stories impacting Global-e Online this week:

• Positive Sentiment: Global-e announced board approval for a share repurchase program of up to $500 million, which could help support earnings per share and signal confidence in the company’s valuation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Positive Sentiment: Analysts cited by Zacks say Global-e has a potential upside of about 33.8%, and recent earnings estimate revisions have been trending higher, which may be supporting sentiment. Wall Street Analysts See a 33.78% Upside in Globale Online (GLBE): Can the Stock Really Move This High?
• Neutral Sentiment: Zacks also highlighted Global-e as one of several stocks with rising P/E ratios, which is more of a screening note than a company-specific catalyst. Bet on 5 Top-Ranked Stocks With Rising P/E for a Strong Portfolio
• Negative Sentiment: Multiple insider sales by CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may create some concern about management trimming exposure, even though the sales were relatively small versus their overall holdings. CEO insider sale filing

Institutional Trading of Global-e Online

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online during the 4th quarter valued at approximately $39,000. IFP Advisors Inc boosted its stake in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares during the period. Tower Research Capital LLC TRC raised its stake in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Global-e Online in the fourth quarter valued at $72,000. 94.60% of the stock is currently owned by institutional investors.

About Global-e Online

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.