Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 4,007 Shares

Key Points

• COO Shahar Tamari sold 4,007 shares on April 8 at an average price of $32.26 for $129,265.82 under a pre-arranged Rule 10b5-1 plan, leaving him with 3,820,500 shares (a 0.10% ownership decrease).
• Those sales follow additional disposals of 8,333 shares on April 6 (avg. $31.20) and 16,666 shares on March 18 (avg. $33.81), totaling 29,006 shares sold in recent weeks.
• For context, GLBE trades near $30.28 with a one-year range of $27.80–$43.21 and a $5.14B market cap, while analysts’ consensus is a Moderate Buy with an average target of $47.58.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 4,007 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $32.26, for a total value of $129,265.82. Following the transaction, the chief operating officer directly owned 3,820,500 shares of the company's stock, valued at approximately $123,249,330. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $31.20, for a total value of $259,989.60.
• On Wednesday, March 18th, Shahar Tamari sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.81, for a total value of $563,477.46.

Global-e Online Price Performance

Shares of Global-e Online stock traded down $0.16 during trading hours on Friday, reaching $30.28. The company had a trading volume of 298,355 shares, compared to its average volume of 1,531,153. Global-e Online Ltd. has a one year low of $27.80 and a one year high of $43.21. The business has a fifty day simple moving average of $33.26 and a 200 day simple moving average of $35.98. The firm has a market cap of $5.14 billion, a PE ratio of 81.84 and a beta of 1.28.

Analysts Set New Price Targets

A number of research firms have recently commented on GLBE. Bank of America began coverage on Global-e Online in a report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price target for the company. Weiss Ratings raised Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 27th. Truist Financial cut their price target on Global-e Online from $43.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 26th. KeyCorp cut their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Finally, Zacks Research raised Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Global-e Online currently has an average rating of "Moderate Buy" and an average target price of $47.58.

Institutional Investors Weigh In On Global-e Online

Several large investors have recently added to or reduced their stakes in the business. Arohi Asset Management PTE Ltd. boosted its stake in Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock valued at $148,604,000 after buying an additional 23,213 shares during the period. Vident Advisory LLC boosted its stake in Global-e Online by 10.5% during the fourth quarter. Vident Advisory LLC now owns 14,866 shares of the company's stock valued at $584,000 after buying an additional 1,413 shares during the period. XTX Topco Ltd bought a new stake in Global-e Online during the fourth quarter valued at $689,000. Twinbeech Capital LP bought a new stake in Global-e Online during the fourth quarter valued at $208,000. Finally, SRS Investment Management LLC boosted its stake in Global-e Online by 203.4% during the fourth quarter. SRS Investment Management LLC now owns 896,717 shares of the company's stock valued at $35,250,000 after buying an additional 601,168 shares during the period. 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.

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