Global-e Online (NASDAQ:GLBE) COO Sells 27,957 Shares of Company Stock

Key Points

• COO Shahar Tamari sold 27,957 Global-e shares at an average price of $44.48, for about $1.24 million. After the sale, he directly owned 3,728,736 shares, a 0.74% reduction in his position.
• Global-e shares recently traded at $42.81, down 1.2% on the day; the stock’s reported 52-week range was $26.84–$45.28.
• Analysts had a “Moderate Buy” consensus, with 13 Buy ratings and three Hold ratings and an average price target of $48.08.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 27,957 shares of Global-e Online stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.48, for a total value of $1,243,527.36. Following the completion of the sale, the chief operating officer directly owned 3,728,736 shares in the company, valued at approximately $165,854,177.28. This represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, November 5th, Shahar Tamari sold 271 shares of Global-e Online stock. The shares were sold at an average price of $45.04, for a total transaction of $12,205.84.
• On Monday, October 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.54, for a total transaction of $988,460.46.
• On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.87, for a total value of $996,710.13.
• On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $38.03, for a total value of $950,711.97.
• On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.41, for a total transaction of $960,211.59.
• On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.63, for a total transaction of $1,040,708.37.

Global-e Online Trading Down 1.2%

NASDAQ:GLBE traded down $0.52 on Friday, hitting $42.81. The company's stock had a trading volume of 313,375 shares, compared to its average volume of 1,529,227. The stock has a fifty day moving average of $39.74 and a two-hundred day moving average of $35.80. The firm has a market capitalization of $7.27 billion, a P/E ratio of 49.78 and a beta of 1.10. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million during the quarter. As a group, sell-side analysts anticipate that Global-e Online Ltd. will post 1.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on GLBE shares. UBS Group set a $54.00 price objective on Global-e Online and gave the stock a "buy" rating in a research note on Thursday, August 13th. Needham & Company LLC reiterated a "buy" rating and set a $47.00 target price on shares of Global-e Online in a research report on Tuesday, September 1st. Benchmark reissued a "buy" rating on shares of Global-e Online in a report on Thursday, August 13th. Morgan Stanley raised their price target on Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $48.00 price target on shares of Global-e Online in a research note on Tuesday, August 11th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $48.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in shares of Global-e Online by 65.7% in the third quarter. Russell Investments Group Ltd. now owns 189,962 shares of the company's stock worth $7,547,000 after acquiring an additional 75,299 shares during the last quarter. R Squared Ltd bought a new stake in shares of Global-e Online during the 3rd quarter valued at approximately $247,000. Jacobi Capital Management LLC bought a new stake in shares of Global-e Online during the 3rd quarter valued at approximately $48,000. Allspring Global Investments Holdings LLC increased its position in Global-e Online by 232.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company's stock worth $4,517,000 after purchasing an additional 78,584 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in Global-e Online during the 3rd quarter worth approximately $709,000. Institutional investors own 94.60% of the company's stock.

Global-e Online Company Profile

Global-e Online Ltd. NASDAQ: GLBE provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.

The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.

Founded in 2013, Global-e serves merchants and shoppers across international markets.

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