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

08 Nov 2026, 05:53 by Doug Wharley · The Cerbat Gem

Remitly Global, Inc. (NASDAQ:RELY – Get Free Report) Director Joshua Hug sold 5,500 shares of Remitly Global stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $21.43, for a total transaction of $117,865.00. Following the sale, the director owned 2,642,389 shares in the company, valued at approximately $56,626,396.27. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, October 6th, Joshua Hug sold 5,500 shares of Remitly Global stock. The shares were sold at an average price of $23.18, for a total transaction of $127,490.00.
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 stock was sold at an average price of $23.65, for a total transaction of $130,075.00.

Remitly Global Stock Up 3.6%

NASDAQ:RELY opened at $22.32 on Friday. The firm has a market capitalization of $4.72 billion, a PE ratio of 13.53 and a beta of 0.46. Remitly Global, Inc. has a 12-month low of $12.08 and a 12-month high of $28.00. The firm has a 50-day moving average price of $23.59 and a 200 day moving average price of $20.71.

Remitly Global (NASDAQ:RELY – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The company had revenue of $509.84 million for the quarter, compared to the consensus estimate of $507.31 million. Remitly Global had a return on equity of 35.56% and a net margin of 19.14%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. On average, research analysts expect that Remitly Global, Inc. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Remitly Global

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Remitly Global in the second quarter worth $410,752,000. Generation Investment Management LLP bought a new stake in shares of Remitly Global during the second quarter worth $109,637,000. Bank of America Corp DE grew its holdings in shares of Remitly Global by 471.7% during the first quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock worth $80,759,000 after purchasing an additional 4,252,294 shares during the last quarter. Lead Edge Capital Management LLC acquired a new stake in shares of Remitly Global in the second quarter valued at $60,232,971. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Remitly Global in the third quarter valued at $31,985,000. 74.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RELY has been the subject of several analyst reports. Wall Street Zen downgraded Remitly Global from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald boosted 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. Citigroup reiterated an “outperform” rating on shares of Remitly Global in a research report on Thursday, August 6th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Remitly Global in a research note on Thursday, August 6th. Finally, Zacks Research lowered Remitly Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Remitly Global has a consensus rating of “Moderate Buy” and a consensus target price of $27.78.

Check Out Our Latest Stock Report on Remitly Global

Key Headlines Impacting Remitly Global

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

Positive Sentiment: Remitly reported record third-quarter growth and beat earnings and revenue estimates. Earnings were $0.48 per share versus the Zacks consensus of $0.33, while revenue of $509.8 million topped estimates of $507.3 million. Article: Remitly Global Tops Q3 Earnings and Revenue Estimates
Positive Sentiment: Management raised its 2026 outlook after the strong quarter, citing AI-driven efficiency, higher transaction volumes and expansion of payment services. It expects fourth-quarter revenue of $531 million to $533 million and outlined high-teens growth for 2027, bolstering the growth outlook. Article: RELY Q3 Earnings Call Highlights Growth and Higher Outlook
Neutral Sentiment: Remitly’s management will participate in an investor conference and post-earnings webinar on November 9. The events may provide more detail on results and guidance but are not, by themselves, a change to the company’s outlook. Article: Remitly Announces Upcoming Webinar and Investor Conference Participation
Negative Sentiment: Put-option trading was unusually active, with 2,262 puts purchased—134% above typical volume. This may reflect bearish positioning or hedging, though options activity alone does not establish a clear view of the stock’s direction.

Remitly Global Company Profile

(Get Free Report)

Remitly Global, Inc is a digital financial services company that enables consumers to send money internationally. Its platform is designed primarily for immigrants and other customers who regularly transfer funds to family and friends in their countries of origin.