Global-e Online (NASDAQ:GLBE) Stock: Insider Shahar Tamari Sells 27,957 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 27,957 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.48, for a total transaction of $1,243,527.36. Following the transaction, the chief operating officer owned 3,728,736 shares in the company, valued at approximately $165,854,177.28. This trade represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, November 5th, Shahar Tamari sold 271 shares of Global-e Online stock. The stock was sold at an average price of $45.04, for a total transaction of $12,205.84.
• 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 transaction 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 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 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

GLBE stock opened at $42.97 on Friday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $45.28. The company has a market cap of $7.29 billion, a P/E ratio of 49.97 and a beta of 1.10. The stock’s fifty day moving average price is $39.81 and its 200-day moving average price is $35.84.

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 return on equity of 16.70% and a net margin of 13.87%. The company had revenue of $299.00 million during the quarter. As a group, analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Institutional Trading of Global-e Online

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in shares of Global-e Online by 28.1% during 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 in the last quarter. Janus Henderson Group PLC increased its holdings in Global-e Online by 4.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock worth $72,833,000 after acquiring an additional 91,384 shares in the last quarter. Wellington Management Group LLP increased its holdings in Global-e Online by 3,232.4% in the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after acquiring an additional 2,037,962 shares in the last quarter. Spyglass Capital Management LLC raised its stake in Global-e Online by 1.1% during the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock worth $68,015,000 after acquiring an additional 20,610 shares during the period. Finally, Keenan Capital LLC raised its stake in Global-e Online by 4.8% during the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after acquiring an additional 90,000 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GLBE. Needham & Company LLC reiterated a “buy” rating and issued a $47.00 price objective on shares of Global-e Online in a research note on Tuesday, September 1st. UBS Group set a $54.00 target price on shares of Global-e Online and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley upped their target price on shares of Global-e Online from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price target on shares of Global-e Online in a research report on Wednesday, August 12th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price target on shares of Global-e Online in a research note on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.08.

Trending Headlines about Global-e Online

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

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.