Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 24,999 Shares of Stock

Key Points

• Global-e Online COO Shahar Tamari sold 24,999 shares at an average price of $41.59, generating approximately $1.04 million; he retained 3.88 million shares worth about $161.4 million.
• The stock traded at $40.62, near its 52-week high of $42.38, with a market capitalization of $6.89 billion and a P/E ratio of 62.53.
• Institutional investors own 94.6% of the company, while analysts maintain a generally positive outlook: 13 rate it Buy, with a consensus price target of $44.83.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.59, for a total value of $1,039,708.41. Following the completion of the transaction, the chief operating officer owned 3,881,688 shares in the company, valued at $161,439,403.92. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $36.81, for a total transaction of $920,213.19.
• On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were 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 transaction 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 transaction 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 value 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 stock was 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 value 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 Price Performance

NASDAQ:GLBE traded down $0.95 during midday trading on Thursday, hitting $40.62. The company's stock had a trading volume of 484,029 shares, compared to its average volume of 1,563,601. The firm has a market cap of $6.89 billion, a P/E ratio of 62.53 and a beta of 1.03. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $42.38. The firm's 50 day moving average is $35.50 and its 200-day moving average is $33.78.

Hedge Funds Weigh In On Global-e Online

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Global-e Online by 231.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company's stock worth $114,847,000 after purchasing an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock valued at $230,842,000 after buying an additional 2,387,242 shares during the last quarter. Janus Henderson Group PLC lifted its position in Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company's stock valued at $89,213,000 after buying an additional 2,131,047 shares during the last quarter. Arohi Asset Management PTE Ltd. boosted its stake in Global-e Online by 91.0% during the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company's stock worth $94,680,000 after buying an additional 1,345,156 shares during the period. Finally, Norges Bank purchased a new position in Global-e Online during the fourth quarter worth about $51,104,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GLBE shares. Raymond James Financial reiterated an "outperform" rating and issued a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an "accumulate" rating in a research note on Wednesday, May 27th. Jefferies Financial Group reiterated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Benchmark reaffirmed a "buy" rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, BMO Capital Markets increased their target price on shares of Global-e Online from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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