Remitly Global (NASDAQ:RELY) Director Joshua Hug Sells 5,500 Shares of Company Stock

Remitly Global, Inc. (NASDAQ:RELY) Director Joshua Hug sold 5,500 shares of the business’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 transaction, the director owned 2,642,389 shares of the company’s stock, valued at $56,626,396.27. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $23.18, for a total value 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 Stock Performance

Shares of Remitly Global stock traded up $0.77 during trading on Friday, reaching $22.32. 3,866,619 shares of the company’s stock were exchanged, compared to its average volume of 2,490,430. Remitly Global, Inc. has a 1-year low of $12.08 and a 1-year high of $28.00. The company has a market cap of $4.72 billion, a P/E ratio of 13.53 and a beta of 0.46. The firm’s 50-day moving average price is $23.59 and its 200 day moving average price is $20.71.

Remitly Global (NASDAQ:RELY) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The business had revenue of $509.84 million for the quarter, compared to analyst estimates of $507.31 million. Remitly Global had a return on equity of 33.33% and a net margin of 16.85%. Remitly Global’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. As a group, equities research analysts predict that Remitly Global, Inc. will post 0.85 EPS for the current year.

Institutional Trading of Remitly Global

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Remitly Global during the 2nd quarter worth approximately $410,752,000. Generation Investment Management LLP bought a new stake in shares of Remitly Global in the 2nd quarter valued at $109,637,000. Bank of America Corp DE boosted its stake in shares of Remitly Global by 471.7% in the 1st quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock valued at $80,759,000 after purchasing an additional 4,252,294 shares during the last quarter. Lead Edge Capital Management LLC bought a new stake in shares of Remitly Global in the 2nd quarter valued at $60,232,971. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Remitly Global during the third quarter worth $31,985,000. 74.25% of the stock is currently owned by institutional investors.

Key Headlines Impacting Remitly Global

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.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of Remitly Global in a report on Thursday, August 6th. Cantor Fitzgerald boosted their price target on Remitly Global from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. KeyCorp boosted their price target on Remitly Global from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Remitly Global in a research note on Thursday, August 6th. Finally, Citizens Jmp raised their price objective on shares of Remitly Global from $30.00 to $32.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.78.

About Remitly Global

Remitly Global, Inc is a digital financial services company that enables consumers to send money internationally. Its platform is designed primarily for immigrants and other customers who regularly transfer funds to family and friends in their countries of origin.

Through its mobile application and website, Remitly allows users to initiate cross-border remittances and select delivery options such as bank deposits, mobile-wallet transfers, cash pickup and, in some markets, home delivery.