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

Posted by George Bondi on Sep 12th, 2026

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Joshua Hug sold 5,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $25.03, for a total value of $137,665.00. Following the completion of the transaction, the director owned 2,664,389 shares of the company’s stock, valued at $66,689,656.67. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, August 11th, Joshua Hug sold 5,500 shares of Remitly Global stock. The stock was sold at an average price of $23.65, for a total value of $130,075.00.
On Monday, June 29th, Joshua Hug sold 16,800 shares of Remitly Global stock. The stock was sold at an average price of $22.97, for a total value of $385,896.00.
On Wednesday, June 17th, Joshua Hug sold 16,033 shares of Remitly Global stock. The shares were sold at an average price of $20.76, for a total value of $332,845.08.
On Tuesday, June 16th, Joshua Hug sold 8,500 shares of Remitly Global stock. The shares were sold at an average price of $20.10, for a total value of $170,850.00.

Remitly Global Price Performance

NASDAQ RELY opened at $21.99 on Friday. The company has a market cap of $4.65 billion, a P/E ratio of 15.82 and a beta of 0.36. Remitly Global, Inc. has a 12 month low of $12.08 and a 12 month high of $27.48. The company has a 50-day moving average of $24.57 and a 200-day moving average of $21.12.

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

Analyst Ratings Changes

Several analysts have recently issued reports on RELY shares. The Goldman Sachs Group boosted their price objective on shares of Remitly Global from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Zacks Research upgraded Remitly Global from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Citigroup reissued an “outperform” rating on shares of Remitly Global in a research report on Thursday, August 6th. KeyCorp upped their price target on Remitly Global from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Remitly Global from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $27.78.

Get Our Latest Research Report on RELY

Institutional Investors Weigh In On Remitly Global

Several institutional investors and hedge funds have recently modified their holdings of RELY. GSA Capital Partners LLP boosted its holdings in Remitly Global by 1,484.2% in the 4th quarter. GSA Capital Partners LLP now owns 361,033 shares of the financial services provider’s stock worth $4,982,000 after acquiring an additional 338,244 shares during the period. State of Wyoming purchased a new stake in shares of Remitly Global during the second quarter valued at approximately $935,000. Squarepoint Ops LLC acquired a new position in shares of Remitly Global during the second quarter worth $6,282,000. California State Teachers Retirement System boosted its stake in shares of Remitly Global by 24.7% in the first quarter. California State Teachers Retirement System now owns 208,409 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 41,221 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of Remitly Global in the fourth quarter valued at $8,852,000. 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, customers can send funds to family and friends in other countries using bank deposits, mobile wallets, cash pickup, and other local delivery options, depending on the destination.

The company focuses on serving immigrants and other customers who regularly send money across borders. Remitly emphasizes a digital-first experience with features such as transfer tracking, multiple delivery methods, localized payment options, and customer support.

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

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