Key Points
- Global-e Online COO Shahar Tamari sold 24,999 shares on September 3 at an average price of $38.41, generating approximately $960,212. He retained 3.83 million shares valued at about $147.2 million.
- The sale follows several other insider sales by Tamari since June, totaling substantial share disposals at prices ranging from $32.23 to $41.63.
- Analysts remain broadly optimistic, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $47.69, compared with a recent share price of $36.93.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $38.41, for a total value of $960,211.59. Following the sale, the chief operating officer directly owned 3,831,690 shares of the company's stock, valued at $147,175,212.90. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shahar Tamari also recently made the following trade(s):
- On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.63, for a total value of $1,040,708.37.
- 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 transaction of $920,213.19.
- On Thursday, June 25th, Shahar Tamari sold 15,235 shares of Global-e Online stock. The stock was 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 stock was 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 stock was sold at an average price of $32.23, for a total transaction of $469,139.88.
Global-e Online Price Performance
Shares of NASDAQ GLBE opened at $36.93 on Wednesday. The firm has a fifty day moving average price of $38.91 and a 200-day moving average price of $34.63. The stock has a market cap of $6.27 billion, a PE ratio of 42.94 and a beta of 1.00. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced 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 for the quarter. On average, research analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current year.
Hedge Funds Weigh In On Global-e Online
Several institutional investors have recently bought and sold shares of GLBE. IFP Advisors Inc increased its holdings in 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 during the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 528 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Global-e Online by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 116,092 shares of the company's stock valued at $4,564,000 after purchasing an additional 533 shares in the last quarter. Main Management ETF Advisors LLC grew its position in shares of Global-e Online by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 52,461 shares of the company's stock valued at $2,062,000 after purchasing an additional 536 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Global-e Online by 8.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,224 shares of the company's stock worth $286,000 after purchasing an additional 631 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Global-e Online to an "accumulate" rating in a report on Wednesday, May 27th. Piper Sandler reiterated an "overweight" rating and set a $48.00 target price on shares of Global-e Online in a research report on Tuesday, August 11th. Jefferies Financial Group reissued a "buy" rating and set a $48.00 target price on shares of Global-e Online in a research note on Wednesday, August 12th. Needham & Company LLC reissued a "buy" rating and set a $47.00 target price on shares of Global-e Online in a research note on Tuesday, September 1st. Finally, Benchmark reissued a "buy" rating on shares of Global-e Online in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.69.
Check Out Our Latest Stock Report on Global-e Online
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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