Remitly Global (NASDAQ:RELY) Stock: Insider Joshua Hug Sells 5,500 Shares

Posted by Geri Gentry on Oct 8th, 2026

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Joshua Hug sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $23.18, for a total value of $127,490.00. Following the completion of the sale, the director directly owned 2,653,389 shares of the company’s stock, valued at $61,505,557.02. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, 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 transaction 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 transaction of $130,075.00.

Remitly Global Trading Up 2.6%

Shares of RELY traded up $0.59 on Thursday, reaching $23.52. The company’s stock had a trading volume of 3,501,151 shares, compared to its average volume of 3,969,951. Remitly Global, Inc. has a twelve month low of $12.08 and a twelve month high of $27.48. The stock has a market capitalization of $4.98 billion, a PE ratio of 16.92 and a beta of 0.39. The firm has a fifty day moving average of $23.90 and a 200-day moving average of $21.83.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of Remitly Global in a research note on Thursday, August 6th. KeyCorp lifted their target price on Remitly Global from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. The Goldman Sachs Group raised their price objective on shares of Remitly Global from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Citizens Jmp increased their target price on shares of Remitly Global from $30.00 to $32.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. Finally, Wolfe Research upped their price objective on Remitly Global from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.78.

View Our Latest Research Report on RELY

Hedge Funds Weigh In On Remitly Global

Several hedge funds have recently bought and sold shares of RELY. BlackRock Inc. bought a new position in shares of Remitly Global in the second quarter worth $410,752,000. Generation Investment Management LLP purchased a new position in Remitly Global in the 2nd quarter worth approximately $109,637,000. Bank of America Corp DE raised its position in shares of Remitly Global by 471.7% during 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 buying an additional 4,252,294 shares in the last quarter. Lead Edge Capital Management LLC purchased a new position in Remitly Global in the second quarter worth $60,232,971. Finally, Dimensional Fund Advisors LP lifted its stake in 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 worth $49,142,000 after purchasing an additional 350,595 shares during the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

Remitly Global Company Profile

(Get Free Report)

Remitly Global, Inc is a digital financial services company that provides international money transfer services through its mobile application and website. The company enables customers to send funds across borders, with recipients able to receive money through bank deposits, mobile wallets, cash pickup locations and, in select markets, home delivery.

Remitly’s platform is designed to offer a convenient alternative to traditional remittance services, with features such as transfer tracking, multiple delivery options and customer support.

Insider Buying and Selling by Quarter for Remitly Global (NASDAQ:RELY)

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