Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells 8,792 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 8,792 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $31.55, for a total transaction of $277,387.60. Following the sale, the chief operating officer owned 4,025,083 shares of the company’s stock, valued at $126,991,368.65. This trade represents a 0.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 shares were 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 shares were sold at an average price of $30.26, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $143,147.34.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The stock was sold at an average price of $32.26, for a total transaction of $129,265.82.
• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $31.20, for a total transaction of $259,989.60.

Global-e Online Price Performance

NASDAQ GLBE opened at $32.13 on Monday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 49.43 and a beta of 1.16. The company has a fifty day moving average price of $30.94 and a 200-day moving average price of $34.78.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GLBE. Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. BMO Capital Markets began coverage on shares of Global-e Online in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $42.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and an average target price of $43.92.

Hedge Funds Weigh In On Global-e Online

Several institutional investors have recently added to or reduced their stakes in GLBE. Royal Bank of Canada grew its position in Global-e Online by 87.4% during the first quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock valued at $2,684,000 after buying an additional 35,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Global-e Online by 17.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the period. Geneos Wealth Management Inc. grew its position in Global-e Online by 67.2% during the first 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 during the period. Arrowstreet Capital Limited Partnership bought a new position in Global-e Online during the second quarter valued at about $5,428,000. Finally, Brown Advisory Inc. bought a new position in Global-e Online during the second quarter valued at about $726,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Company Profile

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.