Insider Selling: Global-e Online (NASDAQ:GLBE) COO Sells $1,039,708.41 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 24,999 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.59, for a total transaction of $1,039,708.41. Following the transaction, the chief operating officer directly owned 3,881,688 shares of the company’s stock, valued at $161,439,403.92. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $36.81, for a total value of $920,213.19.
• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The stock was sold at an average price of $35.13, for a total transaction of $535,205.55.
• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The shares were sold at an average price of $36.02, for a total value of $1,031,000.46.
• On Thursday, June 18th, Shahar Tamari sold 2,110 shares of Global-e Online stock. The stock was sold at an average price of $32.51, for a total transaction of $68,596.10.
• On Wednesday, June 17th, Shahar Tamari sold 14,556 shares of Global-e Online stock. The stock was sold at an average price of $32.23, for a total value of $469,139.88.
• On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were sold at an average price of $31.55, for a total transaction of $277,387.60.
• 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 value 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 value 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 value of $148,478.92.

Global-e Online Stock Down 2.3%

NASDAQ GLBE traded down $0.95 during trading hours on Thursday, hitting $40.62. 484,029 shares of the stock were exchanged, compared to its average volume of 1,563,601. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 62.53 and a beta of 1.03. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $42.38. The stock has a 50-day moving average of $35.50 and a 200 day moving average of $33.78.

Hedge Funds Weigh In On Global-e Online

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in Global-e Online by 105.3% during the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after purchasing an additional 296,466 shares during the period. Annex Advisory Services LLC raised its position in Global-e Online by 64.4% in the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock valued at $25,159,000 after purchasing an additional 250,625 shares during the period. Vitruvian Partners LLP raised its position in Global-e Online by 21.9% in the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after purchasing an additional 37,767 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Global-e Online by 51.7% during the fourth quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after purchasing an additional 38,869 shares in the last quarter. Finally, Next Century Growth Investors LLC lifted its stake in shares of Global-e Online by 38.6% during the fourth quarter. Next Century Growth Investors LLC now owns 274,708 shares of the company’s stock worth $10,799,000 after purchasing an additional 76,452 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GLBE shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Truist Financial upped their target price on Global-e Online from $39.00 to $41.00 and gave the company a “buy” rating in a report on Friday, July 24th. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.83.

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.