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

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,333 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.59, for a total value of $279,905.47. Following the completion of the sale, the chief operating officer directly owned 4,033,875 shares of the company’s stock, valued at approximately $135,497,861.25. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $30.02, for a total value 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 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 Price Performance

Shares of GLBE stock opened at $32.89 on Friday. The stock has a market cap of $5.58 billion, a PE ratio of 50.60 and a beta of 1.16. The stock has a 50-day moving average of $30.94 and a 200-day moving average of $34.80. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data 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. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. During the same period in the previous year, the firm earned ($0.11) EPS. Global-e Online’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, research analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Global-e Online

Large investors have recently bought and sold shares of the company. Vitruvian Partners LLP boosted its position in Global-e Online by 23.1% during the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after acquiring an additional 32,405 shares during the last quarter. Annex Advisory Services LLC boosted its position in Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after acquiring an additional 250,625 shares during the last quarter. Penserra Capital Management LLC boosted its position in Global-e Online by 16.1% during the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after acquiring an additional 17,676 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Global-e Online by 105.3% during the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after purchasing an additional 296,466 shares in the last quarter. Finally, NZS Capital LLC raised its stake in shares of Global-e Online by 39.3% during the 3rd quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock worth $33,995,000 after purchasing an additional 268,328 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.92.

Key Global-e Online News

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

• Positive Sentiment: Global-e’s board approved a new share repurchase program of up to $500 million, following completion of about 80% of its prior $200 million plan. This could support the stock by reducing share count and signaling confidence in future cash generation. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Neutral Sentiment: The company noted that repurchases depend on regulatory approval in Israel, creditor objections, market conditions, liquidity, and other factors, so the buyback may not be executed as planned. Global-e Announces Board Authorization of $500 Million Share Repurchase Program
• Negative Sentiment: Recent insider selling from CEO Amir Schlachet, President Nir Debbi, and COO Shahar Tamari may weigh on sentiment, even though the sales were relatively small compared with their overall holdings. Insider sale filing

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.