Shahar Tamari Sells 14,556 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 14,556 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $32.23, for a total value of $469,139.88. Following the sale, the chief operating officer directly owned 4,002,653 shares of the company’s stock, valued at approximately $129,005,506.19. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were sold at an average price of $31.55, for a total value of $277,387.60.
• On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total value of $260,550.66.
• On Monday, June 1st, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.59, for a total value of $279,905.47.
• On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The stock was 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 shares were 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 shares were 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 shares were sold at an average price of $32.26, for a total transaction of $129,265.82.

Global-e Online Stock Performance

Global-e Online stock opened at $32.84 on Friday. The company’s 50 day simple moving average is $31.32 and its 200-day simple moving average is $34.42. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 50.52 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. Equities analysts expect that Global-e Online Ltd. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GLBE shares. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Truist Financial upgraded shares of Global-e Online from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Wednesday, June 10th. Morgan Stanley lowered their price objective on shares of 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. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in shares of Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock valued at $199,247,000 after purchasing an additional 1,637,482 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Global-e Online by 68.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Contour Asset Management LLC grew its stake in shares of Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock worth $190,342,000 after purchasing an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its stake in shares of Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock worth $148,604,000 after purchasing an additional 23,213 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its holdings in Global-e Online by 63.0% in the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock valued at $96,665,000 after buying an additional 1,044,960 shares during the last quarter. Institutional investors and hedge funds 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.