Shahar Tamari Sells 16,666 Shares of Global-e Online (NASDAQ:GLBE) Stock

Key Points

• COO Shahar Tamari sold 16,666 shares at an average price of $33.81 for about $563,477, and now directly owns 3,419,745 shares—a 0.48% reduction in his stake.
• Shares traded down about 1.3% to $33.58, with a market capitalization of $5.70 billion, a P/E of 91.24, and a 12‑month range of $26.64–$43.21.
• Analyst sentiment is positive with a consensus rating of "Moderate Buy" and an average target of $47.80, while institutional investors and hedge funds hold roughly 94.6% of the stock.

Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 16,666 shares of the business's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $33.81, for a total value of $563,477.46. Following the completion of the transaction, the chief operating officer directly owned 3,419,745 shares of the company's stock, valued at approximately $115,621,578.45. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Global-e Online Trading Down 1.3%

Shares of Global-e Online stock traded down $0.44 during mid-day trading on Thursday, hitting $33.58. 213,377 shares of the stock were exchanged, compared to its average volume of 1,625,837. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 91.24 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $43.21. The company has a 50-day simple moving average of $35.57 and a 200 day simple moving average of $36.49.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GLBE. Bank of America reissued a "buy" rating on shares of Global-e Online in a research report on Wednesday, February 18th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Zacks Research upgraded Global-e Online from a "hold" rating to a "strong-buy" rating in a report on Friday, December 19th. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, Needham & Company LLC raised their price target on shares of Global-e Online from $40.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Global-e Online presently has a consensus rating of "Moderate Buy" and an average target price of $47.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GLBE. Dragoneer Investment Group LLC boosted its position in shares of Global-e Online by 18.2% in the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company's stock worth $425,082,000 after buying an additional 1,831,063 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $230,842,000 after buying an additional 2,387,242 shares during the period. Contour Asset Management LLC lifted its position 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 worth $190,342,000 after acquiring an additional 211,034 shares in the last quarter. Wasatch Advisors LP lifted its position in Global-e Online by 40.0% during the 4th quarter. Wasatch Advisors LP now owns 4,821,106 shares of the company's stock worth $189,518,000 after acquiring an additional 1,378,035 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. boosted its holdings in 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 worth $148,604,000 after acquiring an additional 23,213 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

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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