Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 7,874 shares of the company's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $33.09, for a total value of $260,550.66. Following the transaction, the chief operating officer directly owned 4,017,209 shares in the company, valued at approximately $132,929,445.81. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The shares were sold at an average price of $31.55, for a total value of $277,387.60.
- On Monday, June 1st, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $33.59, for a total value of $279,905.47.
- On Thursday, May 21st, Shahar Tamari sold 3,387 shares of Global-e Online stock. The shares were sold at an average price of $30.26, for a total value of $102,490.62.
- On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The shares were sold at an average price of $30.02, for a total transaction of $148,478.92.
- On Thursday, May 7th, Shahar Tamari sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $32.45, for a total transaction of $270,405.85.
- On Monday, April 20th, Shahar Tamari sold 5,190 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total transaction of $171,581.40.
- 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 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 shares were sold at an average price of $31.20, for a total transaction of $259,989.60.
Global-e Online Stock Up 0.1%
Shares of NASDAQ GLBE opened at $32.15 on Tuesday. The firm's 50-day moving average price is $30.96 and its 200-day moving average price is $34.74. The company has a market cap of $5.46 billion, a PE ratio of 49.46 and a beta of 1.16. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $41.94.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business's quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. As a group, equities research analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company's stock worth $38,000 after buying an additional 448 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online in the fourth quarter worth about $39,000. Geneos Wealth Management Inc. raised its stake in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after buying an additional 528 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Global-e Online by 780.7% in the second 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 period. Finally, Jones Financial Companies Lllp raised its stake 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 worth $72,000 after buying an additional 1,376 shares during the period. Institutional investors own 94.60% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on GLBE shares. UBS Group lowered their target price on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft raised Global-e Online to an "accumulate" rating in a report on Wednesday, May 27th. Jefferies Financial Group reissued a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. Zacks Research downgraded Global-e Online from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.92.
Get Our Latest Stock Report on GLBE
About Global-e Online
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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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