Key Points
- Global-e Online COO Shahar Tamari sold 24,999 shares at an average price of $39.54, generating approximately $988,460.46. Following the transaction, he still directly owned 3.76 million shares valued at about $148.5 million.
- GLBE opened at $41.14, with a market capitalization of approximately $6.98 billion and a 52-week range of $26.84 to $43.99. The company recently reported $299 million in quarterly revenue and $0.37 in earnings per share.
- Analysts maintain a generally positive view, with 13 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and a $48 price target. Institutional investors own approximately 94.6% of the company.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction on Monday, October 19th. The shares were sold at an average price of $39.54, for a total value of $988,460.46. Following the sale, the chief operating officer directly owned 3,756,693 shares of the company's stock, valued at approximately $148,539,641.22. 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 through this hyperlink.
Shahar Tamari also recently made the following trade(s):
- On Monday, October 5th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $39.87, for a total value of $996,710.13.
- On Friday, September 18th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The stock was 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 stock was sold at an average price of $38.41, for a total value of $960,211.59.
- On Wednesday, August 19th, Shahar Tamari sold 24,999 shares of Global-e Online stock. The shares were 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 shares were sold at an average price of $41.59, for a total value of $1,039,708.41.
Global-e Online Price Performance
GLBE stock opened at $41.14 on Thursday. The business has a 50-day moving average price of $39.36 and a 200 day moving average price of $35.84. The company has a market capitalization of $6.98 billion, a P/E ratio of 47.84 and a beta of 0.98. 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 released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million during the quarter. On average, analysts anticipate that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Global-e Online
Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its stake in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock valued at $287,397,000 after purchasing an additional 1,816,606 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Global-e Online by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company's stock worth $72,833,000 after purchasing an additional 91,384 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company's stock valued at $72,968,000 after buying an additional 2,037,962 shares during the last quarter. Spyglass Capital Management LLC boosted its holdings in shares of Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company's stock valued at $68,015,000 after buying an additional 20,610 shares in the last quarter. Finally, Keenan Capital LLC boosted its holdings in shares of Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company's stock valued at $67,906,000 after buying an additional 90,000 shares in the last quarter. Institutional investors own 94.60% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on GLBE shares. Raymond James Financial restated an "outperform" rating and issued a $48.00 price target on shares of Global-e Online in a report on Thursday, August 13th. Needham & Company LLC reiterated a "buy" rating and set a $47.00 price objective on shares of Global-e Online in a research note on Tuesday, September 1st. Piper Sandler reissued an "overweight" rating and set a $48.00 price objective on shares of Global-e Online in a report on Tuesday, August 11th. Jefferies Financial Group reissued a "buy" rating and issued a $48.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Global-e Online from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.00.
View Our Latest Stock Analysis on GLBE
About Global-e Online
(
Get Free Report)
Global-e Online Ltd. (NASDAQ: GLBE) provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.
The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.
Founded in 2013, Global-e serves merchants and shoppers across international markets.
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