Remitly Global (NASDAQ:RELY) Director Sells $117,865.00 in Stock

Remitly Global, Inc. (NASDAQ:RELY) Director Joshua Hug sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $21.43, for a total transaction of $117,865.00. Following the completion of the sale, the director directly owned 2,642,389 shares in the company, valued at $56,626,396.27. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Joshua Hug also recently made the following trade(s):

• On Tuesday, October 6th, Joshua Hug sold 5,500 shares of Remitly Global stock. The stock was sold at an average price of $23.18, for a total transaction of $127,490.00.
• On Tuesday, September 8th, Joshua Hug sold 5,500 shares of Remitly Global stock. The shares were sold at an average price of $25.03, for a total value of $137,665.00.
• On Tuesday, August 11th, Joshua Hug sold 5,500 shares of Remitly Global stock. The shares were sold at an average price of $23.65, for a total value of $130,075.00.

Remitly Global Price Performance

NASDAQ RELY opened at $22.32 on Monday. The stock’s 50-day simple moving average is $23.59 and its two-hundred day simple moving average is $20.71. Remitly Global, Inc. has a twelve month low of $12.08 and a twelve month high of $28.00. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 13.53 and a beta of 0.46.

Remitly Global (NASDAQ:RELY) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $509.84 million during the quarter, compared to analysts’ expectations of $507.31 million. Remitly Global had a return on equity of 35.56% and a net margin of 19.14%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 EPS. On average, equities analysts expect that Remitly Global, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup reissued an “outperform” rating on shares of Remitly Global in a research note on Thursday, August 6th. Wall Street Zen cut shares of Remitly Global from a “buy” rating to a “hold” rating in a research note on Saturday. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Remitly Global in a report on Thursday, August 6th. KeyCorp lifted their target price on shares of Remitly Global from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Remitly Global from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.78.

Remitly Global News Roundup

Here are the key news stories impacting Remitly Global this week:

• Positive Sentiment: Remitly reported record third-quarter growth and beat earnings and revenue estimates. Earnings were $0.48 per share versus the Zacks consensus of $0.33, while revenue of $509.8 million topped estimates of $507.3 million. Article: Remitly Global Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its 2026 outlook after the strong quarter, citing AI-driven efficiency, higher transaction volumes and expansion of payment services. It expects fourth-quarter revenue of $531 million to $533 million and outlined high-teens growth for 2027, bolstering the growth outlook. Article: RELY Q3 Earnings Call Highlights Growth and Higher Outlook
• Neutral Sentiment: Remitly’s management will participate in an investor conference and post-earnings webinar on November 9. The events may provide more detail on results and guidance but are not, by themselves, a change to the company’s outlook. Article: Remitly Announces Upcoming Webinar and Investor Conference Participation
• Negative Sentiment: Put-option trading was unusually active, with 2,262 puts purchased—134% above typical volume. This may reflect bearish positioning or hedging, though options activity alone does not establish a clear view of the stock’s direction.

Hedge Funds Weigh In On Remitly Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Remitly Global in the second quarter worth about $410,752,000. Generation Investment Management LLP bought a new position in shares of Remitly Global in the second quarter worth approximately $109,637,000. Bank of America Corp DE lifted its stake in shares of Remitly Global by 471.7% in the first quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock worth $80,759,000 after buying an additional 4,252,294 shares in the last quarter. Lead Edge Capital Management LLC purchased a new stake in shares of Remitly Global during the second quarter valued at approximately $60,232,971. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Remitly Global by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,136,288 shares of the financial services provider’s stock valued at $49,142,000 after buying an additional 350,595 shares during the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

About Remitly Global

Remitly Global, Inc operates a digital financial services platform focused on international money transfers. Through its website and mobile app, customers can send money across borders, with delivery options that may include bank deposits, mobile wallets, cash pickup, and home delivery, depending on the destination.

The company serves customers sending money from markets in North America, Europe, and the Asia-Pacific region to recipients around the world. Its services are designed in particular for people sending funds to family and other recipients in their countries of origin.

Founded in 2011, Remitly is headquartered in Seattle, Washington.