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

August 14, 2026 by InsiderTrades.com

Key Points

Director Phillip John Riese sold 69,818 Remitly shares at an average $23.54, generating approximately $1.64 million and reducing his direct stake by 21.1%. Combined with sales earlier in August, his recent transactions totaled roughly $8 million.
Remitly reported strong quarterly results, with EPS of $0.93 versus the $0.12 consensus estimate and revenue of $495.16 million, up 20.2% year over year.
RELY shares traded at $25.62, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $27.67.

Remitly Global, Inc. (NASDAQ:RELY - Get Free Report) Director Joshua Hug sold 5,500 shares of Remitly Global stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $23.65, for a total transaction of $130,075.00. Following the transaction, the director owned 2,675,389 shares in the company, valued at approximately $63,272,949.85. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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 stock was sold at an average price of $20.10, for a total value of $170,850.00.
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 transaction of $9,520.00.

Remitly Global Stock Up 5.7%

RELY opened at $25.62 on Friday. The stock has a market cap of $5.42 billion, a PE ratio of 18.43 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. The company has a fifty day moving average of $22.56 and a 200-day moving average of $19.41.

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Remitly Global (NASDAQ:RELY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.93 earnings per share 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 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 revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. Sell-side analysts anticipate that Remitly Global, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citizens Jmp increased their target price on shares of Remitly Global from $30.00 to $32.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 6th. Monness Crespi & Hardt reaffirmed a "buy" rating on shares of Remitly Global in a research report on Thursday, August 6th. Zacks Research lowered Remitly Global from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Cantor Fitzgerald boosted their price objective on Remitly Global from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Monday. Finally, Weiss Ratings upgraded Remitly Global from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Remitly Global presently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Read Our Latest Stock Report on RELY

Remitly Global News Roundup

Here are the key news stories impacting Remitly Global this week:

Positive Sentiment: Analyst targets remain above the current share price. Cantor Fitzgerald raised its price target from $28 to $30 while maintaining an “overweight” rating. Wolfe Research also reiterated an “outperform” rating with a $31 target, and KeyCorp raised its target to $33. The analyst consensus is “Moderate Buy,” with an average target of $27.67. Remitly Global analyst price target article
Positive Sentiment: Recent operating performance provides a favorable backdrop. Remitly reported quarterly EPS of $0.93, well above the $0.12 consensus estimate, while revenue of $495.16 million exceeded expectations and rose 20.2% year over year. Investors are also reviewing management’s comments and analyst questions from the second-quarter earnings call for additional growth catalysts. Remitly second-quarter earnings call article
Neutral Sentiment: Joshua Hug sold 5,500 shares at an average price of $23.65, worth approximately $130,075. The transaction reduced his ownership by just 0.21% and was executed under a pre-arranged Rule 10b5-1 trading plan, making it less concerning as a signal of changing business expectations. SEC filing for Joshua Hug transaction
Negative Sentiment: Director Phillip John Riese reported substantial selling. Recent transactions included 160,182 shares sold on August 7, 100,000 shares sold on August 11, and 69,818 shares sold on August 12, with reported proceeds totaling roughly $8.0 million. The sales significantly reduced his direct stake and could encourage profit-taking concerns after RELY’s recent rally. Phillip John Riese Remitly Global insider sale article
Negative Sentiment: Director Nigel Morris sold 8,938 shares for approximately $227,293. Although the transaction reduced his position by only 0.47%, it adds to the broader pattern of insider selling. Remitly Global insider selling report

Institutional Trading of Remitly Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC purchased a new position in Remitly Global during the second quarter worth about $1,736,000. Sanctuary Advisors LLC purchased a new stake in Remitly Global in the 2nd quarter valued at about $231,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Remitly Global during the 2nd quarter worth approximately $22,007,000. Compass Financial Management LLC bought a new position in shares of Remitly Global during the 2nd quarter worth approximately $82,000. Finally, Ieq Capital LLC purchased a new position in shares of Remitly Global in the 2nd quarter worth approximately $4,799,000. Hedge funds and other institutional investors own 74.25% of the company's stock.

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.