Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $41.63, for a total value of $1,040,708.37. Following the sale, the chief operating officer directly owned 3,856,689 shares in the company, valued at $160,553,963.07. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, August 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.59, for a total value of $1,039,708.41.
- On Monday, July 6th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $36.81, for a total value of $920,213.19.
- 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 transaction of $535,205.55.
- On Friday, June 26th, Shahar Tamari sold 28,623 shares of Global-e Online stock. The shares were sold at an average price of $36.02, for a total transaction 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 shares were sold at an average price of $31.55, for a total value of $277,387.60.
- On Thursday, June 4th, Shahar Tamari sold 7,874 shares of Global-e Online stock. The shares were 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 stock was sold at an average price of $33.59, for a total value of $279,905.47.
Global-e Online Trading Down 1.7%
Shares of NASDAQ:GLBE opened at $39.86 on Tuesday. The firm has a market cap of $6.77 billion, a PE ratio of 46.35 and a beta of 1.03. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $43.99. The company has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $34.17.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The firm had revenue of $299.00 million during the quarter. As a group, equities research analysts forecast that Global-e Online Ltd. will post 1.13 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GLBE has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Global-e Online in a report on Wednesday, August 12th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Jefferies Financial Group reaffirmed a "buy" rating and set a $48.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Piper Sandler restated an "overweight" rating and set a $48.00 price objective on shares of Global-e Online in a report on Tuesday, August 11th. Finally, Morgan Stanley upped their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.23.
View Our Latest Research Report on GLBE
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GLBE. California State Teachers Retirement System raised its position in shares of Global-e Online by 3,399.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company's stock worth $141,237,000 after buying an additional 3,950,515 shares in the last quarter. Spyglass Capital Management LLC lifted its position in shares of Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company's stock worth $68,015,000 after purchasing an additional 20,610 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Global-e Online by 3,232.4% in the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company's stock valued at $72,968,000 after purchasing an additional 2,037,962 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Global-e Online in the second quarter valued at approximately $1,582,000. Finally, Summit Creek Advisors LLC bought a new stake in Global-e Online during the 2nd quarter worth about $5,974,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
