Key Points
- COO Shahar Tamari sold 5,190 shares on April 20 at an average price of $33.06 for $171,581.40, leaving him with 3,785,035 shares valued at roughly $125.13 million (a 0.14% reduction).
- Tamari has been selling repeatedly in recent weeks—about 64,471 shares across six transactions (including a 25,949-share sale on April 17), generating approximately $2.17 million in proceeds.
- Meanwhile, GLBE trades near $32.85 with a $5.58 billion market cap, is ~94.6% institutionally owned, and holds a consensus Moderate Buy rating with an average price target of $47.15.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 5,190 shares of the firm's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $33.06, for a total transaction of $171,581.40. Following the sale, the chief operating officer directly owned 3,785,035 shares in the company, valued at approximately $125,133,257.10. The trade was a 0.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shahar Tamari also recently made the following trade(s):
- On Friday, April 17th, Shahar Tamari sold 25,949 shares of Global-e Online stock. The shares were sold at an average price of $34.79, for a total transaction of $902,765.71.
- 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 stock was 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 transaction of $563,477.46.
Global-e Online Trading Up 1.1%
Shares of GLBE opened at $32.85 on Thursday. The firm has a fifty day simple moving average of $33.00 and a two-hundred day simple moving average of $35.72. The firm has a market cap of $5.58 billion, a PE ratio of 88.78 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.
Institutional Trading of Global-e Online
Several institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock valued at $38,000 after buying an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Global-e Online in the 4th quarter worth $39,000. Geneos Wealth Management Inc. raised its holdings in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after acquiring an additional 528 shares during the period. Tower Research Capital LLC TRC raised its holdings in Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock valued at $61,000 after acquiring an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock valued at $72,000 after acquiring an additional 1,376 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. Wall Street Zen raised shares of Global-e Online from a "hold" rating to a "buy" rating in a research report on Sunday, March 29th. Weiss Ratings upgraded shares of Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Friday, March 27th. Bank of America assumed coverage on shares of Global-e Online in a report on Tuesday, March 31st. They issued a "buy" rating and a $43.00 price objective on the stock. Finally, Benchmark boosted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.15.
Read Our Latest Report on GLBE
About Global-e Online
(
Get Free Report)
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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