Joshua Hug Sells Shares of Remitly Global, Inc. $RELY

Key Points

  • Joshua Hug sold 16,800 shares of Remitly Global, Inc. ($RELY) worth $378,504.
  • $RELY last traded around $22.41.

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Joshua Hug, insider at Remitly Global, Inc. ($RELY), sold 16,800 shares at an average price of $22.53, for a total transaction of $378,504. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Remitly Global, Inc. Stock Down 15.6%

Shares of Remitly Global, Inc. ($RELY) traded around $22.41 on Wednesday, down 15.6% for the day.

Last price$22.41
Market cap$5.66B
P/E ratio19.24
Forward P/E16.56
Beta0.34
52-week low$12.08
52-week high$27.15
50-day MA$24.05
200-day MA$18.43
Current ratio3.18
Quick ratio2.52
Debt-to-equity0.03

Remitly Global, Inc. Earnings

EPS (ttm)$1.39
Revenue (ttm)$1.81B
Revenue growth20.20%
Net margin16.86%
Return on equity32.25%
Next earningsNov 4, 2026

Analysts Set New Price Targets

ConsensusStrong Buy
Average target$32.33
High target$36
Low target$29
Analysts covering9

About Remitly Global, Inc.

Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.

ExchangeNasdaqGS
SectorTechnology
IndustrySoftware - Infrastructure
HeadquartersSeattle, WA
CEOMr. Sebastian J. Gunningham
Employees3,200

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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.