Key Points
- COO Shahar Tamari sold 24,999 Global-e Online shares at an average price of $39.87, generating approximately $996,710. He retains 3.78 million shares, and the transaction reduced his ownership by 0.66%.
- Global-e Online shares opened at $38.96, with a market capitalization of $6.61 billion and a 52-week range of $26.84 to $43.99. The company reported quarterly revenue of $299 million and EPS of $0.37.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $47.69. Institutional investors and hedge funds own approximately 94.6% of the stock.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $39.87, for a total value of $996,710.13. Following the sale, the chief operating officer directly owned 3,781,692 shares in the company, valued at $150,776,060.04. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shahar Tamari also recently made the following trade(s):
- On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.03, for a total value of $950,711.97.
- On Thursday, September 3rd, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.41, for a total transaction of $960,211.59.
- 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 transaction of $1,039,708.41.
Global-e Online Stock Performance
Shares of NASDAQ:GLBE opened at $38.96 on Thursday. The firm's 50 day simple moving average is $39.55 and its 200-day simple moving average is $35.22. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $43.99. The firm has a market cap of $6.61 billion, a PE ratio of 45.30 and a beta of 0.98.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. Equities research analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Global-e Online from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. 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, Citigroup reissued a "market outperform" rating on shares of Global-e Online in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.69.
Get Our Latest Stock Report on GLBE
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in Global-e Online during the first quarter valued at approximately $1,144,000. Keenan Capital LLC boosted its position in Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company's stock worth $67,906,000 after purchasing an additional 90,000 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock worth $287,397,000 after purchasing an additional 1,816,606 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Global-e Online by 38.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 174,989 shares of the company's stock worth $6,077,000 after purchasing an additional 48,145 shares during the period. Finally, Summit Creek Advisors LLC purchased a new position in shares of Global-e Online during the 2nd quarter valued at approximately $5,974,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
About Global-e Online
(
Get Free Report)
Global-e Online Ltd. is an Israel-based technology company that provides an end-to-end platform for cross-border e-commerce. Its software helps retailers and brands sell directly to consumers in international markets by adapting online shopping experiences to local languages, currencies, payment methods, tax requirements and delivery preferences.
The company's services support the international customer journey, including localized storefronts and checkout experiences, calculation and collection of duties and taxes, payment processing, fraud prevention, international shipping, order management and returns.
Further Reading
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].
