Nigel Morris Sells 20,000 Shares of Remitly Global (NASDAQ:RELY) Stock

Posted by Geri Gentry on Aug 17th, 2026

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Nigel Morris sold 20,000 shares of Remitly Global stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $26.20, for a total value of $524,000.00. Following the completion of the sale, the director owned 1,851,056 shares of the company’s stock, valued at $48,497,667.20. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Remitly Global Price Performance

Shares of RELY remained flat at $26.30 during mid-day trading on Monday. 2,144,114 shares of the stock traded hands, compared to its average volume of 4,003,171. The company has a 50-day moving average price of $22.71 and a 200-day moving average price of $19.49. Remitly Global, Inc. has a 52-week low of $12.08 and a 52-week high of $27.15. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 18.92 and a beta of 0.34.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RELY shares. Cantor Fitzgerald lifted their price target on Remitly Global from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, August 10th. KeyCorp upped their price objective on Remitly Global from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Citizens Jmp raised their price objective on Remitly Global from $30.00 to $32.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. Zacks Research lowered Remitly Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.67.

View Our Latest Research Report on Remitly Global

Institutional Investors Weigh In On Remitly Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of Remitly Global by 45.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,167 shares of the financial services provider’s stock worth $49,000 after buying an additional 677 shares during the period. California State Teachers Retirement System grew its stake in Remitly Global by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 135,843 shares of the financial services provider’s stock valued at $2,550,000 after acquiring an additional 679 shares during the period. Main Management ETF Advisors LLC increased its holdings in Remitly Global by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 96,309 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 984 shares in the last quarter. Empowered Funds LLC increased its holdings in Remitly Global by 2.9% in the 1st quarter. Empowered Funds LLC now owns 37,593 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 1,050 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Remitly Global by 8.4% in the 4th quarter. New York State Teachers Retirement System now owns 15,203 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,184 shares in the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.

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.