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

Key Points

• Global-e Online COO Shahar Tamari sold 24,999 shares at an average price of $38.41, generating approximately $960,212. He retained 3,831,690 shares after the transaction.
• The sale continues a series of insider transactions by Tamari, who has sold shares repeatedly since June, including 24,999 shares each in August.
• Analysts remain broadly positive: the stock carries a “Moderate Buy” consensus rating with a $47.69 average price target, compared with an opening price of $38.37.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $38.41, for a total value of $960,211.59. Following the completion of the sale, the chief operating officer owned 3,831,690 shares in the company, valued at approximately $147,175,212.90. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $41.59, for a total value of $1,039,708.41.
• 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 stock was sold at an average price of $35.13, for a total value of $535,205.55.
• On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The stock was 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 shares were 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 shares were sold at an average price of $32.23, for a total value of $469,139.88.

Global-e Online Price Performance

NASDAQ GLBE opened at $38.37 on Tuesday. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $43.99. The firm has a market capitalization of $6.51 billion, a P/E ratio of 44.62 and a beta of 1.00. The business's 50-day simple moving average is $38.86 and its 200-day simple moving average is $34.62.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The firm had revenue of $299.00 million during the quarter. On average, equities research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $47.00 price target on shares of Global-e Online in a report on Tuesday, September 1st. Zacks Research raised shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. The Goldman Sachs Group restated a "buy" rating on shares of Global-e Online in a research note on Wednesday, August 12th. Benchmark restated a "buy" rating on shares of Global-e Online in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Global-e Online from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.69.

Institutional Trading of Global-e Online

Hedge funds have recently modified their holdings of the business. Wasatch Advisors LP grew its holdings in shares of Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock valued at $287,397,000 after buying an additional 1,816,606 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Global-e Online by 68.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock worth $230,842,000 after acquiring an additional 2,387,242 shares during the period. Contour Asset Management LLC grew its stake in Global-e Online by 4.6% during the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company's stock valued at $190,342,000 after acquiring an additional 211,034 shares in the last quarter. California State Teachers Retirement System grew its stake in Global-e Online by 3,399.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company's stock valued at $141,237,000 after acquiring an additional 3,950,515 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. increased its holdings in shares of Global-e Online by 0.6% in the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock valued at $148,604,000 after purchasing an additional 23,213 shares during the period. Hedge funds and other 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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