Global-e Online (NASDAQ:GLBE) COO Sells $988,460.46 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the company’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $39.54, for a total transaction of $988,460.46. Following the completion of the sale, the chief operating officer directly owned 3,756,693 shares of the company’s stock, valued at $148,539,641.22. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $39.87, for a total transaction of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.03, for a total transaction 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 transaction 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 transaction of $1,040,708.37.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.59, for a total transaction of $1,039,708.41.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE traded down $0.78 during trading on Wednesday, reaching $41.00. The company had a trading volume of 546,412 shares, compared to its average volume of 1,532,958. The firm’s fifty day moving average is $39.34 and its 200 day moving average is $35.77. The firm has a market capitalization of $6.96 billion, a PE ratio of 47.67 and a beta of 0.98. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

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

Institutional Investors Weigh In On Global-e Online

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Bienville Capital Management LLC purchased a new stake in shares of Global-e Online during the second quarter valued at $13,021,000. Renaissance Technologies LLC acquired a new position in shares of Global-e Online in the 1st quarter valued at $8,512,000. Finally, Bronte Capital Management Pty Ltd. acquired a new position in shares of Global-e Online in the 1st quarter valued at $6,574,000. 94.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research cut Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Raymond James Financial restated an “outperform” rating and issued a $48.00 price objective on shares of Global-e Online in a report on Thursday, August 13th. UBS Group set a $54.00 target price on Global-e Online and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised Global-e Online from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 13th. Finally, Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.00.

About Global-e Online

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.