Global-e Online (NASDAQ:GLBE) Stock: Insider Shahar Tamari Sells 271 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 271 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $45.04, for a total transaction of $12,205.84. Following the completion of the transaction, the chief operating officer directly owned 3,728,465 shares of the company’s stock, valued at approximately $167,930,063.60. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, November 4th, Shahar Tamari sold 27,957 shares of Global-e Online stock. The shares were sold at an average price of $44.48, for a total value of $1,243,527.36.
• On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.54, for a total value of $988,460.46.
• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.87, for a total value of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.03, for a total value of $950,711.97.
• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.41, for a total value of $960,211.59.
• 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.

Global-e Online Stock Down 0.8%

GLBE opened at $42.97 on Friday. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $45.28. The stock has a market cap of $7.29 billion, a PE ratio of 49.97 and a beta of 1.10. The business has a 50 day moving average of $39.81 and a 200-day moving average of $35.84.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Equities analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current year.

Wall Street Analysts Forecast Growth

GLBE has been the topic of a number of recent research reports. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler reissued an “overweight” rating and set a $48.00 price target on shares of Global-e Online in a research report on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Citigroup reissued a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.08.

Institutional Investors Weigh In On Global-e Online

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in Global-e Online by 58.5% in the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $38,000 after purchasing an additional 354 shares during the period. Jacobi Capital Management LLC bought a new position in shares of Global-e Online during the 3rd quarter valued at $48,000. MCF Advisors LLC lifted its holdings in shares of Global-e Online by 62.4% during the 2nd 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 period. R Squared Ltd bought a new position in shares of Global-e Online during the 3rd quarter valued at $247,000. Finally, Seelaus Asset Management LLC purchased a new position in shares of Global-e Online in the 1st quarter worth $231,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online News Summary

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

• Positive Sentiment: Analyst coverage cited in a recent report remains broadly favorable: 13 analysts rated GLBE Buy and three Hold, with an average price target of $48.08. Insider trading report
• Negative Sentiment: President Nir Debbi sold a combined 132,651 shares in transactions from November 2–5, while COO Shahar Tamari sold 28,228 shares on November 4–5. The sales may weigh on sentiment, although both executives retain multi-million-share holdings and the reported reductions were small relative to their positions. SEC filing for President’s trades SEC filing for COO’s trades

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company’s platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.