Joshua Hug Sells Shares of RELY
Joshua Hug sold 8,500 shares of RELY at $20.10 each on June 16, 2026, in a planned transaction.
Key Points
- Joshua Hug sold 8,500 shares of RELY at an average price of $20.10, totaling $170,829.60 on June 16, 2026.
- Shares of RELY traded near $20.36, with significant institutional activity including BlackRock reducing its holdings.
- Analysts from firms like Cantor Fitzgerald and Citizens maintained buy ratings with price targets up to $28.
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Joshua Hug, an insider at RELY, sold 8,500 shares on June 16, 2026. The shares were sold at an average price of $20.10, amounting to a total transaction value of $170,829.60. This sale was part of a planned transaction.
Other Institutional Activity in RELY
BlackRock, Inc. reduced its holdings in RELY by 875,383 shares, leaving it with 14,685,553 shares valued at about $230.1 million. Naspers Ltd also cut its stake by 12 million shares, holding 13,441,745 shares worth approximately $210.6 million. On the other hand, Baillie Gifford & Co increased its position by 159,749 shares, bringing its total to 11,818,307 shares valued at $185.2 million. FMR LLC made a significant addition of 10,517,854 shares, resulting in a total of 10,736,104 shares worth about $168.2 million.
Remitly Global, Inc. Stock Down 23.3%
Shares of RELY traded near $20.36. The stock has seen varied institutional activity with significant changes in holdings.
Insider Buying and Selling at Remitly Global, Inc.
Joshua Hug made multiple transactions in June 2026. On June 17, he sold 16,033 shares at $20.76 each in a planned transaction. Previously, on June 10, he acquired 2,546 shares in a non-planned transaction. Other insiders like Phyllis Campbell, Bora Chung, and Nigel Morris also made purchases on June 10 without planned transactions.
Analysts Set New Price Targets
On May 11, 2026, Cantor Fitzgerald maintained its buy rating for RELY with a price target of $28. Citizens also kept a buy rating with a $26 target on May 7, 2026. Earlier, on April 21, Keybanc maintained a buy rating with a target of $23. Analysts' consensus reflects a strong buy recommendation, with an average target price indicating potential upside.
Bottom Line
Joshua Hug's recent sale of RELY shares is part of his planned transactions, highlighting ongoing activity by insiders. Investors often track such insider movements for insights, but it's important to remember these are backward-looking reports. With active institutional trading and positive analyst ratings, RELY remains a stock to watch.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.