Pankaj Sharma Sells 21,000 Shares of Remitly Global (NASDAQ:RELY) Stock

Posted by Stanley Muller on Aug 31st, 2026

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) insider Pankaj Sharma sold 21,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $26.39, for a total value of $554,190.00. Following the sale, the insider owned 716,022 shares of the company’s stock, valued at $18,895,820.58. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Remitly Global Price Performance

NASDAQ:RELY traded up $0.19 during trading hours on Monday, hitting $26.74. The company’s stock had a trading volume of 2,820,810 shares, compared to its average volume of 3,949,081. The stock has a fifty day simple moving average of $23.99 and a 200-day simple moving average of $20.39. The company has a market capitalization of $5.66 billion, a P/E ratio of 19.24 and a beta of 0.34. Remitly Global, Inc. has a twelve month low of $12.08 and a twelve month high of $27.15.

Remitly Global (NASDAQ:RELY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.12 by $0.81. The firm had revenue of $495.16 million during the quarter, compared to the consensus estimate of $486.25 million. Remitly Global had a return on equity of 33.33% and a net margin of 16.85%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts predict that Remitly Global, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Remitly Global

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Remitly Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,845 shares of the financial services provider’s stock valued at $1,848,000 after purchasing an additional 3,870 shares in the last quarter. Millennium Management LLC increased its position in shares of Remitly Global by 57.1% during the first quarter. Millennium Management LLC now owns 343,352 shares of the financial services provider’s stock worth $7,142,000 after acquiring an additional 124,798 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Remitly Global in the 1st quarter worth about $218,000. Focus Partners Wealth acquired a new stake in shares of Remitly Global in the 1st quarter worth about $1,458,000. Finally, Cetera Investment Advisers lifted its position in Remitly Global by 12.0% in the 2nd quarter. Cetera Investment Advisers now owns 12,025 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 1,286 shares in the last quarter. 74.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings upgraded shares of Remitly Global from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Citigroup reiterated an “outperform” rating on shares of Remitly Global in a report on Thursday, August 6th. Cantor Fitzgerald increased their price target on Remitly Global from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. KeyCorp raised their price objective on Remitly Global from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded Remitly Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $27.78.

Check Out Our Latest Stock Report on RELY

About Remitly Global

(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.