Global-e Online (NASDAQ:GLBE) COO Shahar Tamari Sells 25,949 Shares

Global-e Online Ltd. (NASDAQ:GLBE) COO Shahar Tamari sold 25,949 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.79, for a total transaction of $902,765.71. Following the transaction, the chief operating officer owned 3,790,225 shares of the company’s stock, valued at $131,861,927.75. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, April 15th, Shahar Tamari sold 4,326 shares of Global-e Online stock. The shares were sold at an average price of $33.09, for a total transaction of $143,147.34.
• On Wednesday, April 8th, Shahar Tamari sold 4,007 shares of Global-e Online stock. The shares were sold at an average price of $32.26, for a total transaction of $129,265.82.
• On Monday, April 6th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $31.20, for a total transaction 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 Stock Performance

GLBE stock opened at $33.05 on Tuesday. The stock’s 50 day moving average price is $33.02 and its 200 day moving average price is $35.76. The firm has a market cap of $5.61 billion, a P/E ratio of 89.32 and a beta of 1.28. Global-e Online Ltd. has a 1 year low of $27.80 and a 1 year high of $43.21.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Bank of America assumed coverage on shares of Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target for the company. Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GLBE. Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online in the fourth quarter valued at approximately $39,000. IFP Advisors Inc boosted its holdings in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online during the 4th quarter worth $72,000. Institutional investors and hedge funds 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.