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

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

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 stock was 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 stock was 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 shares were 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 shares were 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 shares were 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 Price Performance

NASDAQ:GLBE traded down $0.36 during mid-day trading on Friday, reaching $42.97. The stock had a trading volume of 895,483 shares, compared to its average volume of 1,321,050. The stock has a market cap of $7.29 billion, a P/E ratio of 49.97 and a beta of 1.10. The business’s 50 day moving average is $39.81 and its 200 day moving average is $35.84. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $45.28.

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

Global-e Online News Roundup

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

Analyst Ratings Changes

GLBE has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research note on Thursday, August 13th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Raymond James Financial restated an “outperform” rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLBE. Wasatch Advisors LP increased its stake in shares of Global-e Online by 28.1% in the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after buying an additional 1,816,606 shares during the period. Wellington Management Group LLP lifted its stake 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 valued at $72,968,000 after acquiring an additional 2,037,962 shares during the period. Janus Henderson Group PLC boosted its holdings in Global-e Online by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after acquiring an additional 91,384 shares during the last quarter. Spyglass Capital Management LLC boosted its holdings in Global-e Online by 1.1% in the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the last quarter. Finally, Keenan Capital LLC increased its position in Global-e Online by 4.8% in the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after purchasing an additional 90,000 shares during the period. Institutional investors own 94.60% of the company’s stock.

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.