Key Points
- Global-e Online COO Shahar Tamari sold 24,999 shares on July 6 at an average price of $36.81, totaling about $920,213. After the sale, he still held 3,931,686 shares.
- The transaction adds to a recent pattern of insider selling at Global-e Online, with Tamari and other executives having sold shares multiple times in recent weeks, including CEO Amir Schlachet and President Nir Debbi.
- Analysts remain generally positive on GLBE despite the insider sales, with a consensus rating of “Moderate Buy” and an average price target of $44.33, above the stock’s recent trading level near $36.92.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of the company's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $36.81, for a total value of $920,213.19. Following the completion of the transaction, the chief operating officer directly owned 3,931,686 shares of the company's stock, valued at approximately $144,725,361.66. The trade was a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shahar Tamari also recently made the following trade(s):
- On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The shares were 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 value 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 transaction of $469,139.88.
- On Wednesday, June 3rd, Shahar Tamari sold 8,792 shares of Global-e Online stock. The stock was sold at an average price of $31.55, for a total transaction of $277,387.60.
- On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The stock was sold at an average price of $33.09, for a total transaction of $260,550.66.
- 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 transaction 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 transaction of $102,490.62.
- On Wednesday, May 20th, Shahar Tamari sold 4,946 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $32.45, for a total transaction of $270,405.85.
Global-e Online Stock Down 1.0%
NASDAQ GLBE opened at $36.92 on Wednesday. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 56.80 and a beta of 1.06. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The stock has a fifty day simple moving average of $32.09 and a 200 day simple moving average of $33.99.
Wall Street Analyst Weigh In
GLBE has been the subject of a number of analyst reports. Wall Street Zen downgraded Global-e Online from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Truist Financial upgraded Global-e Online from a "hold" rating to a "buy" rating and upped their target price for the company from $34.00 to $39.00 in a report on Wednesday, June 10th. Jefferies Financial Group restated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. BMO Capital Markets started coverage on shares of Global-e Online in a research report on Tuesday, April 21st. They issued an "outperform" rating and a $42.00 price target on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.33.
View Our Latest Report on GLBE
Institutional Investors Weigh In On Global-e Online
Several large investors have recently added to or reduced their stakes in GLBE. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online in the fourth quarter valued at approximately $39,000. IFP Advisors Inc increased its stake 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 acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% in the 1st 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 in the last quarter. Tower Research Capital LLC TRC lifted its position 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 valued at $61,000 after acquiring an additional 1,616 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Global-e Online during the fourth quarter worth $72,000. Institutional investors and hedge funds own 94.60% of the company's stock.
More Global-e Online News
Here are the key news stories impacting Global-e Online this week:
- Negative Sentiment: CEO Amir Schlachet sold 24,999 shares for about $927,000, adding to earlier insider selling in late June and signaling that management has been trimming positions. CEO Amir Schlachet insider sale filing
- Negative Sentiment: COO Shahar Tamari also sold 24,999 shares for about $920,000, reinforcing the recent insider-selling trend and potentially weighing on sentiment toward GLBE. COO Shahar Tamari insider sale filing
- Negative Sentiment: President Nir Debbi sold 8,332 shares earlier in the week, adding another data point to the pattern of executive selling that traders may interpret as a negative near-term signal. President Nir Debbi insider sale filing
- Neutral Sentiment: Despite the insider activity, Global-e Online remains above its key moving averages and still carries a generally constructive analyst backdrop, which may help cushion downside concerns.
Global-e Online Company Profile
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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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