Insider Selling: Remitly Global (NASDAQ:RELY) Director Sells $170,850.00 in Stock

Posted by Stanley Muller on Jun 20th, 2026

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Joshua Hug sold 8,500 shares of Remitly Global stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $20.10, for a total value of $170,850.00. Following the completion of the transaction, the director owned 3,418,290 shares in the company, valued at $68,707,629. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, June 17th, Joshua Hug sold 16,033 shares of Remitly Global stock. The stock was sold at an average price of $20.76, for a total value of $332,845.08.
On Monday, June 1st, Joshua Hug sold 33,600 shares of Remitly Global stock. The shares were sold at an average price of $21.03, for a total value of $706,608.00.
On Friday, May 29th, Joshua Hug sold 476 shares of Remitly Global stock. The shares were sold at an average price of $20.00, for a total value of $9,520.00.
On Monday, May 11th, Joshua Hug sold 34,383 shares of Remitly Global stock. The shares were sold at an average price of $24.89, for a total value of $855,792.87.
On Wednesday, April 29th, Joshua Hug sold 16,800 shares of Remitly Global stock. The stock was sold at an average price of $21.56, for a total transaction of $362,208.00.
On Tuesday, April 14th, Joshua Hug sold 12,000 shares of Remitly Global stock. The shares were sold at an average price of $17.88, for a total transaction of $214,560.00.
On Monday, April 6th, Joshua Hug sold 1,430 shares of Remitly Global stock. The shares were sold at an average price of $15.99, for a total transaction of $22,865.70.

Remitly Global Stock Performance

NASDAQ:RELY opened at $21.10 on Friday. The company’s 50-day simple moving average is $20.68 and its 200-day simple moving average is $16.78. Remitly Global, Inc. has a fifty-two week low of $12.08 and a fifty-two week high of $24.92. The stock has a market capitalization of $4.44 billion, a P/E ratio of 43.06 and a beta of 0.37.

Remitly Global (NASDAQ:RELY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.12 by $0.11. The firm had revenue of $452.80 million during the quarter, compared to analyst estimates of $438.94 million. Remitly Global had a net margin of 6.12% and a return on equity of 12.90%. Remitly Global’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. On average, research analysts forecast that Remitly Global, Inc. will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Remitly Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in Remitly Global during the 1st quarter worth approximately $26,000. Torren Management LLC purchased a new stake in shares of Remitly Global in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Remitly Global in the fourth quarter worth $28,000. GAMMA Investing LLC increased its stake in shares of Remitly Global by 280.2% in the fourth quarter. GAMMA Investing LLC now owns 2,209 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,628 shares during the period. Finally, HighMark Wealth Management LLC purchased a new position in shares of Remitly Global during the fourth quarter worth $35,000. Institutional investors and hedge funds own 74.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RELY shares. Weiss Ratings raised Remitly Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Freedom Capital raised Remitly Global to a “strong-buy” rating in a research report on Wednesday, April 1st. KeyCorp increased their price target on Remitly Global from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $27.00 price target on shares of Remitly Global in a report on Thursday, May 7th. Finally, Monness Crespi & Hardt boosted their price target on Remitly Global from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.62.

View Our Latest Analysis on Remitly Global

Remitly Global Company Profile

(Get Free Report)

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.