Shahar Tamari Sells 24,999 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $36.81, for a total value of $920,213.19. Following the sale, the chief operating officer owned 3,931,686 shares in the company, valued at $144,725,361.66. The trade was a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The stock was sold at an average price of $35.13, for a total transaction of $535,205.55.
• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The shares were sold at an average price of $36.02, for a total transaction of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The stock was sold at an average price of $32.51, for a total transaction of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The stock was sold at an average price of $32.23, for a total transaction of $469,139.88.
• 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 transaction 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 transaction 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 transaction 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 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.

Global-e Online Stock Performance

NASDAQ GLBE opened at $35.98 on Thursday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 55.35 and a beta of 1.06. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The stock has a fifty day moving average of $32.16 and a 200-day moving average of $33.95.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GLBE. Raymond James Financial reissued an “outperform” rating and set a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. UBS Group dropped their price target on shares of 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. Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Finally, Morgan Stanley lowered their target price on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.33.

Institutional Investors Weigh In On Global-e Online

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online during the fourth quarter worth $39,000. IFP Advisors Inc increased its position 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 buying an additional 448 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Global-e Online by 780.7% during the 2nd 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 period. Finally, Kestra Advisory Services LLC bought a new position in Global-e Online during the fourth quarter worth about $72,000. Institutional investors own 94.60% of the company’s stock.

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.