Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $260,550.66 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 7,874 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $33.09, for a total value of $260,550.66. Following the transaction, the chief operating officer directly owned 4,017,209 shares of the company’s stock, valued at $132,929,445.81. The trade was a 0.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The stock was sold at an average price of $31.55, for a total value of $277,387.60.
• 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 value 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 stock was 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 stock was sold at an average price of $32.45, for a total value of $270,405.85.
• On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $171,581.40.
• On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The stock was sold at an average price of $34.79, for a total value of $902,765.71.
• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total value 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 value 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 value of $259,989.60.

Global-e Online Price Performance

Shares of GLBE opened at $32.73 on Thursday. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $41.94. The stock has a 50 day simple moving average of $31.11 and a two-hundred day simple moving average of $34.70. The firm has a market cap of $5.56 billion, a P/E ratio of 50.35 and a beta of 1.16.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. During the same period last year, the business earned ($0.11) earnings per share. The business’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Bank of America assumed coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Finally, KeyCorp dropped their price objective on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Institutional Trading of Global-e Online

Several large investors have recently added to or reduced their stakes in GLBE. IFP Advisors Inc boosted its holdings in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online in the fourth quarter valued at $39,000. Geneos Wealth Management Inc. boosted its holdings in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after acquiring an additional 1,376 shares in the last quarter. 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.